Technology Transfer, Firm Ownership, and Investment in Human Capital

Publisher Website
Google Scholar
Abstract
Technology is transferred across countries at some cost to the transferor and transferee. Rather than treating transfer costs as determined by a Leontief type cost function, we examine the incentive of each party to invest resources in transferring technology. The theoretical model predicts that subsidiaries will receive greater resources than partially licensor-owned and independent firms. The empirical analysis confirms this prediction. This result favors multinational investment over direct licensing of technology to independent firms.

This publication has 0 references indexed in Scilit: