کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957101 928507 2009 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Openness, technology capital, and development
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Openness, technology capital, and development
چکیده انگلیسی
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital. Technology capital is distinguished from other forms of capital in that a firm can use it simultaneously in multiple domestic and foreign locations. A country can exploit foreign technology capital by permitting direct investment by foreign multinationals. In both steady-state and transitional analyses, the extended growth model predicts large gains to being open.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 144, Issue 6, November 2009, Pages 2454-2476
نویسندگان
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