Location of R&D and High-Tech Production by Vertically Integrated Multinationals  

Oleh:

Ekholm, Karolina ; Hakkala, Katariina

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 117 no. 518 (Mar. 2007), page 512-543.
Topik: MULTINATIONAL COMPANIES; R & D; high tech production; multinational
Fulltext: 512.pdf (1.21MB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.25 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This article extends the theory of multinational firms by allowing for agglomeration forces in firm - level activities such as R & D as well as in production. We develop a two - country general - equilibrium model where firms make separate choices about the location of R & D and production. There are R & D spillovers and a home - market effect creating incentives for firms to locate production in the relatively large market. For relatively weak R & D spillovers and intermediate trade costs, the smaller economy tends to specialise in R & D. While skilled labour may gain from hosting an agglomeration of R & D activities, unskilled labour.

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