This paper empirically analyzes the determinants of the choice between wholly owned subsidiary and technology licensing as a strategy for expansion abroad. We use a new and comprehensive database on worldwide plant level investments in the chemical industry during the 1981-1991 period. We find...

Drawing on their previous book-length study published in 2000, the authors examine the nature and functioning of markets for technology, namely markets for intermediate technological inputs, as well as their implications for business and public policy. Markets for technology are not easy to...