Baldwin, Richard E.; Braconier, Henrik; Forslid, Rikard - 2005
presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is … novel since other endogenous growth models with MNCs, e.g. the Grossman-Helpman model, assume away the knowledge-spillovers … the model. Specifically, we find industry-level scale effects and international knowledge spillovers that are unrelated to …