Showing 1 - 10 of 67
We examine the extent to which developing countries that do little, if any, research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has a large “stock of knowledge” from its cumulative R&D activities, a...
Persistent link: https://www.econbiz.de/10014398245
Persistent link: https://www.econbiz.de/10001410565
Persistent link: https://www.econbiz.de/10001625184
Persistent link: https://www.econbiz.de/10000634799
Persistent link: https://www.econbiz.de/10000757859
Countries differ greatly in R&D spending, and these differences are particularly striking when comparing developed with developing countries. The paper examines the extent to which the benefits of R&D are concentrated in the investing countries. It is argued that significant benefits spill over...
Persistent link: https://www.econbiz.de/10012472713
Recent attempts to resolve the international debt crisis have lead some countries to engage in debt-equity swaps. The paper explores conditions under which such transactions are beneficial to the debtor as well as the creditors. It identifies a market failure that may prevent the emergence of...
Persistent link: https://www.econbiz.de/10012476289
The paper surveys theories of FDI and supporting evidence. A new theory flashes out a unique feature of FDI: hands on management style that enables investors to react in real time to changing economic environments. Equipped with superior intangible know how in screening firms, foreign direct...
Persistent link: https://www.econbiz.de/10001827340
Persistent link: https://www.econbiz.de/10001700677
Persistent link: https://www.econbiz.de/10002444583