SOUTHERN INNOVATION AND REVERSE KNOWLEDGE SPILLOVERS: A DYNAMIC FDI MODEL

• 成果类型: Article
• 署名作者: He, Yin; Maskus, Keith E.
• 署名单位: University of Colorado System; University of Colorado Boulder; University of International Business & Economics
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2011.00680.x
• 发表日期: 2012
• 页码: 279-302
• 关键词: intellectual property-rights; INTERNATIONAL-TRADE; geographic localization; GROWTH

摘要

We develop a general equilibrium model of endogenous innovation and foreign direct investment (FDI). In the benchmark model, Northern firms innovate with the help of localized spillovers, and a share of new products is transferred to Southern production via FDI. An increase in Southern imitation risk reduces this share. In the extended model, we permit higher-cost Southern innovation, which yields inefficient specialization in both regions and reduces global growth. However, it generates a U-shaped relationship between FDI and local imitation. We also allow for reverse spillovers in knowledge to Northern innovation, which partially restore global efficiency and growth.