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Determinants of International Activity: Evidence from the Chemical Industry

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorFosfuri, Andrea
dc.contributor.otherCEPR
dc.date.accessioned2010-02-05T11:40:43Z
dc.date.available2010-02-05T11:40:43Z
dc.date.issued2004-09
dc.description.abstractThis Paper empirically investigates two important determinants of international activity through wholly owned operations, joint-ventures and licensing, namely country risk and IPRs protection. Using a comprehensive database on investments in chemical plants during the period 1981-96, we show that higher levels of country risk are associated with less activity into recipient economies. The analysis also suggests that international activity with smaller resource commitment tends to be preferred in countries with higher levels of risk, and that multinational investment is more responsive to changes in risk conditions than indigenous investment. After controlling for several country characteristics, we do not find IPRs protection playing a significant role in fostering international activity or conditioning its mode.
dc.format.mimetypeapplication/pdf
dc.identifier.issn0265-8003
dc.identifier.urihttps://hdl.handle.net/10016/6765
dc.language.isoeng
dc.relation.hasversionhttp://hdl.handle.net/10016/13188
dc.relation.ispartofseriesCEPR Discussion Paper
dc.relation.ispartofseries4601
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.jelF21
dc.subject.jelF23
dc.subject.jelO32
dc.subject.jelO34
dc.subject.otherForeign direct investment
dc.subject.otherTechnology licensing
dc.subject.otherCountry risk
dc.subject.otherIPRs protection
dc.subject.otherChemical industry
dc.titleDeterminants of International Activity: Evidence from the Chemical Industry
dc.typeworking paper*
dspace.entity.typePublication
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