THE KNOWLEDGE-CAPITAL MODEL OF FDI: A TIME VARYING COEFFICIENTS APPROACH

被引：10

作者：

Mariel, Petr ^{[1
]}

Orbe, Susan ^{[1
]}

Rodriguez, Carlos ^{[1
]}

机构：

[1] Univ Basque Country, E-48080 Bilbao, Spain

来源：

SCOTTISH JOURNAL OF POLITICAL ECONOMY | 2009年 / 56卷 / 02期

关键词：

FOREIGN DIRECT-INVESTMENT; MULTINATIONAL-ENTERPRISE; NONPARAMETRIC-ESTIMATION;

D O I：

10.1111/j.1467-9485.2009.00480.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The present article reexamines some of the issues regarding the Knowledge-Capital Model that encompasses both horizontal and vertical Foreign Direct Investment. The empirical support for this model is however mixed. This article proposes a new way of estimating coefficients by allowing them to vary over time. The estimation results obtained using data from 30 OECD countries for the period from 1982 to 2003 confirm that these coefficients cannot be considered as constant over time and that the vertical component of the Knowledge-Capital Model is relevant.

引用

页码：196 / 212

页数：17

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