| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5335 |
| DP5335 Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advantage | |
| David Audretsch; Erik E Lehmann | |
| 发表日期 | 2005-11-03 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We model a firm's choice between exporting and investing in a foreign country in the presence of possibly persistent demand uncertainty. We allow for demand shocks that, while increasing expected profit, impede learning. The firm learns gradually, in a Bayesian fashion, by observing past demand realizations. We derive the optimal exports and investment paths, examine how they depend on the technology parameters and the structure of uncertainty and show that learning alone may explain the S-shape of these paths. Immediate investment is possible despite the presence of demand uncertainty, if there are significant positive demand shocks and learning is likely to take time. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Foreign direct investment Investment dynamics Exports Learning Uncertainty |
| URL | https://cepr.org/publications/dp5335 |
| 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/534198 |
| 推荐引用方式 GB/T 7714 | David Audretsch,Erik E Lehmann. DP5335 Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advantage. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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