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International technology diffusion: effects of trade and FDI
- Source :
- Atlantic Economic Journal. December 2005, Vol. 33 Issue 4, p437, 13 p.
- Publication Year :
- 2005
-
Abstract
- There has been little analysis of the effect of inward FDI on international R&D diffusion, especially in LDCs, although FDI has become the core of international production and LDCs have been receiving an increasing share of world FDI over the past few decades. Using data from 57 countries from 1988 to 2001, we find that both FDI and trade serve as important channels of international technology diffusion. However, there exist heterogeneous effects of FDI in DCs and LDCs. For inward FDI to promote technology diffusion in LDCs, a certain threshold of human capital has to be reached. (JEL D24, F10, F21)<br />Introduction Recent theories of economic growth refer to endogenous technological improvement as the driving force of the growth process as opposed to neoclassical models where capital accumulation is emphasized [Romer, [...]
- Subjects :
- Foreign investments -- Forecasts and trends
International trade -- Forecasts and trends
Economic development -- Forecasts and trends -- Haiti -- Angola -- Zimbabwe
Globalization -- Forecasts and trends
Business, general
Business
Market trend/market analysis
International trade
Forecasts and trends
Subjects
Details
- Language :
- English
- ISSN :
- 01974254
- Volume :
- 33
- Issue :
- 4
- Database :
- Gale General OneFile
- Journal :
- Atlantic Economic Journal
- Publication Type :
- Periodical
- Accession number :
- edsgcl.142207257