Internationalization and Growth: Evidence from Sweden
AbstractOutward investment is a way of maximizing the rents on the accumulated knowledge and skill of a country´s firms, or preserving them as long as possible when the country itself has lost its comparative advantage in their industries, and the industries, or parts of them must relocate. This paper examines the internationalization of Swedish firms and investigates the type of operations they move abroad. We find that Swedish MNCs, in contrast to U.S. multinationals, expand their more advanced activities abroad and keep the low wage operations at home. Presumably this is because Sweden has lost its comparative advantage in highly advanced production. We conclude that the home country effects of capital movements in the form of foreign direct investment depend very much on the macro-economic conditions in the investing country.
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Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 375.
Length: 18 pages
Date of creation: 14 Apr 2000
Date of revision:
Publication status: Published in Swedish Economic Policy Review, 2000, pages 185-201.
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Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
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More information through EDIRC
Internationalization; Growth; Sweden;
Find related papers by JEL classification:
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-05-08 (All new papers)
- NEP-DEV-2000-05-08 (Development)
- NEP-IFN-2000-05-08 (International Finance)
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