| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2210 |
| DP2210 Currency Spillovers and Tri-Polarity: A Simultaneous Model of the US Dollar, German Mark and Japanese Yen | |
| Ronald MacDonald; Ian W Marsh | |
| 发表日期 | 1999-08-31 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign affiliate pays the trained worker a higher wage to prevent her from moving to a local competitor. We study conditions under which these spillovers occur. We also show that the multinational firm might find it optimal to export instead of investing abroad to avoid dissipation of its intangible assets or the payment of a higher wage to the trained worker. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Externalities Labour mobility Multinational corporations Spillovers Training |
| URL | https://cepr.org/publications/dp2210 |
| 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/531316 |
| 推荐引用方式 GB/T 7714 | Ronald MacDonald,Ian W Marsh. DP2210 Currency Spillovers and Tri-Polarity: A Simultaneous Model of the US Dollar, German Mark and Japanese Yen. 1999. |
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