A Tale of Three Countries: Italian, Spanish and Swiss Manufacturing Operations in China

Valeria Gattai

No 12104, Knowledge, Technology, Human Capital Working Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: In this paper we investigate the choice of FDI versus joint-venture, made by Italian, Spanish and Swiss multinationals in China, as shaped by the risk of Dissipation of Intangible Assets. Probit estimates, based on an entirely new firm-level dataset, constructed by the author, show that FDI is more likely to emerge when know-how easily spills over - namely for firms endowed with more Intangible Assets or belonging to high tech sectors - in line with the theoretical expectations.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 28
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemkt:12104

DOI: 10.22004/ag.econ.12104

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