An Endogenous Growth Model for Technology Transfer through Foreign Direct Investment from DCS to LDC

This paper develops an endogenous growth model where a Less Developed Countries (LDCs) through Foreign Direct Investment (FDI) and licensing. The model assumes that knowledge of DCs spills over to the LDC from licensing but not from FDI. It is found that the LDC relies on either FDI or licensing the...

The International Journal of Technology, Knowledge, and Society

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