The authors find that the role foreign direct investment (FDI) plays in international technology transfer (ITT) hinges on whether substitute channels of ITT--such as imitation--exist for the host country. If FDI is the sole channel of ITT, a faster flow of FDI to the South increases the rates of...

The authors construct an oligopoly model in which a multinational firm has a technology superior to those of local firms in the host country. Workers employed by the multinational acquire knowledge of the superior technology and can spread their knowledge to local firms by switching employers....

We construct an oligopoly model in which a multinational firm has a superior technology compared to local firms. Workers employed by the multinational acquire knowledge of its superior technology. The multinational may pay a wage premium to prevent local firms from hiring its workers and thus...

We analyze optimal host country policy toward multinational production in a three country model. Oligopolists from two source countries invest in a common host country to take advantage of low costs. The country with the smallest labor supply per firm has the highest wage in the absence of...

This two-volume original reference work provides a comprehensive overview of development economics and comprises contributions by some of the leading scholars working in the field. Authors are drawn from around the world and write on a wide range of topics.