Existing studies have often failed to find positive impacts of horizontal FDI on domestic firms. We argue that the two effects underpinning the impacts of horizontal FDI (i.e., the positive spillover effect and the negative competition effect) have different degrees of attenuation with distance....

Knowledge flows tend to be highly geographically localized. This has lead researchers to try to find a means through which this localization effect can be minimized. Foreign Direct Investment has been proposed as a possible medium that enhances the ability of nations to exchange knowledge about...

We review a large body of literature dealing with the effects of Foreign Direct Investment (FDI) on economies during their transformation from a command economic system toward a market system. We report the results of a meta-analysis based on the literature on externalities from FDI. The studies...

A conceptual framework is proposed for analyzing how differences in national R&D stocks can impact on a firm's decision to internationalize its R&D activities. A central finding is that the integration of product markets can generate an added incentive to undertake R&D abroad. A three-stage...