This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...

The recent literature on international technology diffusion has demonstrated the positive effect improvements in foreign country productivity can have on domestic productivity. Using a sample of 9 manufacturing industries in 12 OECD countries over the period 1972 to 1992 we search to find...

This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...