Technology, Human Capital and FDI: Firm Level Evidence for Italy
AbstractThis paper makes an empirical assessment of Foreign Direct Investment (FDI), by analyzing a large sample of Italian manufacturing enterprises. Firm-level data are derived from the 8th and 9th waves of the Capitalia survey, and they cover the period between 1998 and 2003. Consistently with the theory of multinational enterprises, evidence shows that firms endowed with superior technology and better human capital tend to operate abroad via FDI. These results are robust to different econometric specifications and alternative measures of technology and human capital.
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Bibliographic InfoArticle provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.
Volume (Year): 70 (2011)
Issue (Month): 3 (December)
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Web page: http://www.gde.unibocconi.it/
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
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