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R&D and foreign direct investment with asymmetric spillovers
Abstract
This paper analyzes how firms’ R&D investment decisions are affected by asymmetries in knowledge transmission, considering different sources of asymmetry such as unequal know-how management capabilities and spillovers localization within an international oligopoly. We show that a better ability to manage knowledge flows incentivizes the firm to invest more in R&D. By introducing geographically bounded spillovers, we also find that one-way foreign direct investment (FDI) stimulates the multinational enterprise to raise its own R&D and that an FDI equilibrium is more likely to occur. Finally, spillovers localization leading to two-way FDI is welfare improving when compared with non-localized spillovers.
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“Oligopoly theory is well suited to the analysis of innovation (Sanna-Randaccio & Veugelers, 2007; Petit & Sanna-Randaccio, 2000; Petit, Sanna-Randaccio &Sestini, 2012).”
From The Internalization Theory of the Multinational Enterprise: Past, Present and Future (2020) · cites this paper as Petit, Sanna-Randaccio &Sestini, 2012
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References 55 · Cited by 15
Metadata
- Authors
- Petit, M. L., Sanna-Randaccio, F., & Sestini, R.
- Affiliations
- Sapienza University of Rome (IT)
- Corresponding author
- Petit, Maria Luisa
- ORCID
- Sestini, Roberta
- Venue
- Economics of Innovation and New Technology
- Publisher
- Informa UK Limited
- Published
- 2012-03
- Volume
- 21
- Issue
- 2
- Pages
- 125-150
- ISSN
- 1043-8599 (ISSN-L)
- 1476-8364
- OpenAlex
- W1981043336
- Cited by
- 15
- References
- 55
- Citations by year
- 2025: 2 · 2023: 1 · 2021: 1 · 2020: 2 · 2019: 1 · 2018: 3 · 2016: 2 · 2015: 1 · 2013: 2
- FWCI
- 2.11
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Economics of Innovation and New Technology (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- IRIS Research product catalog (Sapienza University of Rome) (submittedVersion)
- Funders
- Sapienza Università di Roma
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › International Business and FDI
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
- Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
- Keywords
- R&D investment, foreign direct investment, asymmetric spillovers, knowledge transmission, international oligopoly, multinational corporations, welfare effects
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- CoChat. (2026). Citation check: R&D and foreign direct investment with asymmetric spillovers. https://app.cochat.ai/papers/10.1080/10438599.2011.561994
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- Petit, M. L., Sanna-Randaccio, F., & Sestini, R. (2012). R&D and foreign direct investment with asymmetric spillovers. Economics of Innovation and New Technology. https://doi.org/10.1080/10438599.2011.561994
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
