Blonigen, Bruce A.; Davies, Ronald B.; Head, Keith - 2022
regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge … through 1994 and appear to support the knowledge-capital model of the MNE. We show that CMM's empirical framework mis … correcting this specification error estimates no longer reject the horizontal model in favor of the knowledge-capital model …