| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2142 |
| DP2142 Noise Trading and Exchange Rate Regimes | |
| Andrew Rose; Olivier Jeanne | |
| 发表日期 | 1999-05-31 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper 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 aspect of FDI. We also present econometric evidence (using industry-level data from seven OECD nations) that broadly supports the model. Specifically, we find industry-level scale effects and international knowledge spillovers that are unrelated to FDI, but we also find that bilateral spillovers are boosted by bilateral FDI. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Endogenous growth Multinationals Spillovers Technology transfer |
| URL | https://cepr.org/publications/dp2142 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531252 |
| 推荐引用方式 GB/T 7714 | Andrew Rose,Olivier Jeanne. DP2142 Noise Trading and Exchange Rate Regimes. 1999. |
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