Foreign direct investment and spillovers through workers' mobility

• 成果类型: Article
• 署名作者: Fosfuri, A; Motta, M; Ronde, T
• 署名单位: Universidad Carlos III de Madrid; European University Institute; Pompeu Fabra University; University of Mannheim
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(00)00069-6
• 发表日期: 2001
• 页码: 205-222
• 关键词: Multinational corporations; externalities; spillovers; training; labor mobility

摘要

We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign affiliate pays the trained worker a higher wage to prevent her from moving to a local competitor. We study conditions under which these spillovers occur. We also show that the multinational firm might find it optimal to export instead of investing abroad to avoid dissipation of its intangible assets or the payment of a higher wage to the trained worker. (C) 2001 Elsevier Science B.V. All rights reserved.