Determinants of International Activity: Evidence from the Chemical Industry

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dc.contributor.author Fosfuri, Andrea
dc.contributor.other CEPR
dc.date.accessioned 2010-02-05T11:40:43Z
dc.date.available 2010-02-05T11:40:43Z
dc.date.issued 2004-09
dc.identifier.issn 0265-8003
dc.identifier.uri http://hdl.handle.net/10016/6765
dc.description.abstract This 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.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries CEPR Discussion Paper
dc.relation.ispartofseries 4601
dc.relation.hasversion http://hdl.handle.net/10016/13188
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Foreign direct investment
dc.subject.other Technology licensing
dc.subject.other Country risk
dc.subject.other IPRs protection
dc.subject.other Chemical industry
dc.title Determinants of International Activity: Evidence from the Chemical Industry
dc.type workingPaper
dc.subject.jel F21
dc.subject.jel F23
dc.subject.jel O32
dc.subject.jel O34
dc.subject.eciencia Empresa
dc.rights.accessRights openAccess
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