FEEM working papers "Note di lavoro" series
2006 .150

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


Authors: Valeria Gattai
Series: Economy and Society
Editor: Gianmarco I.P. Ottaviano
Type: Journal
Keywords: Intangible Assets,Internalisation,FDI,Joint-venture,China
JEL n.: F23,C25,O53
JEL: World Economy
Pages: Vol. 31, No. 8, pp. 969-92
Date: 08/2008

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.

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