A Knowledge-Capital Model Approach of FDI in Transition Countries

This paper aims at assessing the nature of foreign direct investment (FDI) in transition countries. We provide an empirical application of the knowledge-capital model of multinationals (MNEs) to an original panel of a¢ liates of MNEs in seven transition countries. We succeed in proving that the strategies of MNEs are heterogeneous by looking at FDI ‡ows by… (More)