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.
Fields of science (EuroSciVoc)
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
LONDON
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.