By Giorgio Barba Navaretti, Partha Dasgupta, Karl-Göran Mäler, Domenico Siniscalco
Is wisdom an fiscal solid? that are the features of the associations regulating the creation and diffusion of information? Cumulation of data is a key determinant of monetary progress, yet only in the near past wisdom has moved to the middle of monetary research. fresh literature additionally offers profound insights into occasions like clinical development, creative and craft improvement that have been hardly ever addressed as socio-economic associations, being the area of sociologists and historians instead of economists. This quantity adopts a multidisciplinary method of carry wisdom within the concentration of recognition, as a key financial issue.
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Extra info for Creation and Transfer of Knowledge: Institutions and Incentives
The next section exarnines the literature on international transfers of technology, where knowledge is transferred in a hierarchical way. The following section extends the analysis to the literature on R&D joint ventures. Section three 1 For a description of the data base, see Duysters and Hagedorn, 1993. For a descriptive application to developing countries see Freeman and Hagedorn, 1994. See also the Appendix to this paper. 4. R&D Inter-firm Agreements in Developing Countries. Where? Why? How?
The more important the knowledge capital, though, the lower the cost of setting up a new production unit and the higher the licensee's incentive to defect in the second stage. Knowledge intensive multinationals will therefore prefer to set up a subsidiary. Tbis result holds if we assurne that subsidiaries can fully internalise knowledge. Ethier and Markusen also consider the case where dispersion of knowledge takes place in a subsidiary. Indeed, the subsidiary's employees can defect in the second period and set up an independent production unit.
Why? How? 47 typically part of this grOUp. It is non hierarchical when there is technology sharing between the parmers. The third criteria is whether the agreement is characterised by equity sharing. In this group we have joint ventures and minority holdings. Equity agreements are divided between R&D and non R&D taking into account the scope of the joint venture. The first step of the empirical analysis is to estimate a dichotomous choice model to explain the determinants of R&D agreements. The dependent variable is Table3.
Creation and Transfer of Knowledge: Institutions and Incentives by Giorgio Barba Navaretti, Partha Dasgupta, Karl-Göran Mäler, Domenico Siniscalco