Maskus, Keith; HE, YIN - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
benchmark model, Northern firms engage in innovation based on the local knowledge stock and learning-by-doing (LBD), and a share … multinationalization rate. We extend the model to permit Southern innovation based on the amount of local knowledge and LBD. Because …” spillovers in knowledge to Northern innovation, which partially restores global efficiency and growth. We find that Southern R …