Reconciling the Evidence on the Knowledge-capital Model

Autor:	Dieter M. Urban, Pehr-Johan Norbäck, Henrik Braconier
Rok vydání:	2005
Předmět:	Knowledge capital Empirical research Multinational corporation Factor endowment Geography Planning and Development Market size Econometrics Economics Contrast (statistics) Production (economics) Development Neoclassical economics
Zdroj:	Review of International Economics. 13:770-786
ISSN:	1467-9396 0965-7576
DOI:	10.1111/j.1467-9396.2005.00536.x
Popis:	The Knowledge Capital Model (KC-model), described in Markusen (2002), encompasses both market size (horizontal) as well as factor endowment (vertical) explanations to why multinational production occurs. Although the KC-model seems intuitively appealing, the empirical support has, so far, been weak and even confused. In this study, we find strong, robust and consistent support for the KC-model. In contrast to previous studies, our skill measures follow directly from the model. We also use an enlarged dataset, where the data coverage is significantly improved. Our results also give estimated surfaces remarkably similar to theoretical simulations of the KC-model. In addition, the results give important insights into why previous studies have yielded such diverse results.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ae323a9e9164f1367e6083b7d35332cd https://doi.org/10.1111/j.1467-9396.2005.00536.x Zobrazit plný text záznamu Plný text ve formátu PDF