In this study we analyse the role of the Clean Development Mechanism (CDM) established by the Kyoto Protocol in channelling foreign technology to China. The descriptive analysis investigates the sources and the determinants of foreign technology transfer based on the examination of 1,355...

Foreign direct investment (FDI) may play a key role in the global effort to shift towards a low-carbon economy. Multinational enterprises (MNEs) can contribute in several important ways to climate change mitigation, by providing emission-saving technologies, financial resources and managerial...

This paper looks at the perception of obstacles to innovation of both foreign multinational enterprises (MNEs) and domestic firms located in Italy. Drawing on firm-level data from the Italian third Community Innovation Survey (CIS3), we show that important differences in firms? perception of...

We contribute to the debate on the impact of unilateral climate policy with a two-country two-firm international oligopoly model accounting for endogenous plant location and heterogeneity in both country size and firm’s emissions technology. Our results suggest that, if the carbon price...

Empirical evidence suggests that technological spillovers also depend on the mode chosen by firms to serve the foreign market, since a closer location increases the degree of knowledge transmission. Therefore multinationals may want to locate subsidiaries near sources of technological innovation...

This Paper provides a theoretical model on the trade-offs an MNE face when assigning subsidiaries an active role in innovation and organizing its R&D decentralized versus centralized. R&D decentralization avoids having to adapt centrally developed innovations to local markets, being able to use...