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2024
- ISIDORE Id: 10670/1.d5605e...
- hal: hal-04240260
- doi: 10.1111/jpet.12670
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info:eu-repo/semantics/altIdentifier/doi/10.1111/jpet.12670
info:eu-repo/semantics/OpenAccess
Mots-clés
Optimal growth FDI spillovers TFP Fixed costSujets proches
Industrial production IndustryCiter ce document
Thanh Tam Nguyen-Huu et al., « FDI spillovers, New Industry Development, and Economic Growth », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1111/jpet.12670
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Résumé
The paper investigates the optimal strategy of a small open economy receivingFDI in an optimal growth context. We prove that no domestic firm can enterthe new industry when the multinational enterprise’s productivity or the fixedentry cost is high. Nevertheless, the host country’s investment stock convergesto a higher steady state than an economy without FDI. A domestic firm entersthe new industry if its productivity is high enough. Moreover, the domestic firmcan dominate or even eliminate its foreign counterpart.
