Objective In this project I will analyze the effects of foreign direct investment (FDI) and licensing on the process of innovation and growth of an economy. Both FDI and licensing involve risks and costs due to the public nature of the technology transferred abroad and incentive and information asymmetries caused by principle-agent problems, which eventually influence the innovation's activities of a firm. The associated internalization issues are well known from the static models on multinationals, but hardly discussed in a dynamic context. It is the objective of this project to explicitly include the internalization issues related to FDI in a dynamic framework to examine the effects on innovation, on the trade pattern, the trade volume, and welfare and to see to what extent trade and industrial policy is useful to support innovation. The theoretical analysis is supplemented by an empirical study, which deals explicitly with FDI in services. Programme(s) FP4-TMR - Specific research and technological development programme in the field of the training and mobility of researchers, 1994-1998 Topic(s) 0302 - Post-doctoral research training grants TS06 - International Economics Call for proposal Data not available Funding Scheme RGI - Research grants (individual fellowships) Coordinator LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Address Houghton street London United Kingdom See on map EU contribution No data Participants (1) Sort alphabetically Sort by EU Contribution Expand all Collapse all Not available Germany EU contribution € 0,00 Address See on map Other funding No data
