Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266495 
Authors: 
Year of Publication: 
2022
Publisher: 
KVL Economic Policy Research, s'Hertogenbosch
Abstract: 
The paper models the links between public and firm-level knowledge processes. The knowledge-capital (KC) theory assumes that firms use their private knowledge assets to set up foreign subsidiaries. Countries with large outward FDI stocks should have a relative abundance of proprietary knowledge assets. This has not yet been adequately tested. Our model allows to test it by concentrating on national public knowledge inputs that are encapsulated in proprietary knowledge assets of firms. Using a rich international dataset we confirm the basic tenet of the KC theory and show the important role of public knowledge production for outward FDI.
Subjects: 
Foreign Direct Investment
Knowledge Transfer and Innovation
Knowledge Assets
Public Knowledge Creation
Multinational Companies
Empirical test
world coverage 2000-2020),
JEL: 
O34
O31
D22
D83
F23
Document Type: 
Working Paper

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