R&D, FDI, and Efficiencies of Small and Medium-sized Firms

Abstract

This study analyzes how small and medium-sized enterprises’ (SMEs)R&D and foreign direct investment (FDI) affect their technical efficiencies in an environment of globalized production, in order to complement previous researches. Our theoretical proposition suggests that unless the substitution effect dominates the magnification effect, FDI will induce more… (More)

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