By A. Tavares, A. Teixeira

ISBN-10: 0230624944

ISBN-13: 9780230624948

ISBN-10: 140399725X

ISBN-13: 9781403997258

Most international locations undertake rules that allows you to allure overseas multinationals, stimulate business clustering and to foster innovation. This e-book hyperlinks those topical matters. It examines the actions of firm corporations, their contribution to cluster improvement, how they stimulate linkages with household companies and give a contribution to innovation. The potency, appropriateness and sufficiency of those rules is mentioned, and useful proposals made through the quantity. New empirical proof is equipped on numerous industries and nation contexts.

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Extra resources for Multinationals, Clusters and Innovation: Does Public Policy Matter?

Example text

This comes from a preoccupation with the fact that the vast majority of the literature, although extremely interesting and relevant, tends to fall short of suggesting practical and clear avenues for specific policy intervention. The term ‘intervention’ should not be misunderstood: here it is meant in a benign and constructive way, allowing market forces to flourish, but helping especially where information asymmetry, market failures and liabilities of newness and smallness (of, for instance, local and recently set up firms) prevent better developments.

Multinationals and industrialisation: the bases of “inward investment” policy’, International Journal of the Economics of Business, 8(1) (2001) 51–73. T. , ‘FDI and multinationals: patterns, impact and policies’, International Journal of the Economics of Business, 12(1) (2005) 3–16. White, R. , ‘Strategies for foreign-owned subsidiaries in Canada’, Business Quarterly (Summer) (1984) 59–69. Young, S. , ‘Multilateral rules on FDI: do we need them? Will we get them? A developing country perspective’, Transnational Corporations, 13(1) (2004) 1–30.

In our context the crucial issue of R&D subsidies is whether there are any positive spillovers from public to private R&D expenditures. , 1999)? The standard rationale for government support of R&D is rooted in the belief that some form of market failure exists that leads the private sector to underinvest in R&D (Nelson, 1959; Arrow, 1962). Underinvestment in R&D occurs because the output of R&D is characterized by its public good nature, which implies that benefits are not fully appropriable by the investor but generate spillovers that might be captured by competitors (Romer, 1990; Griliches, 1998).

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Multinationals, Clusters and Innovation: Does Public Policy Matter? by A. Tavares, A. Teixeira


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