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Title: |
Entrepreneurial Ability, International Trade and Foreign Direct
Investment |
| Author: |
Beaudreau,
Bernard C. |
| Author
Affiliation: |
Laval U |
| Source: |
International Economic Journal, Autumn 1989, v. 3, no. 3, pp. 1-22 |
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Publication Date: |
Autumn 1989 |
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Abstract: |
This paper develops a factor-proportions
model of international trade and foreign direct investment using
Leibenstein's work on the multi-faceted nature of entrepreneurial
activity. S-type manager-abundant countries export research and
development-intensive goods, while G-type manager-abundant countries
export non-research and development-intensive goods (i.e., standardized
commodities). Foreign direct investment is generated as a response to
barriers to trade in general. Empirically, it is shown that:
manufactures are R&D intensive and labor intensive; the North is a net
exporter of R&D and labor; and international differences in innovation
can be explained in terms of social, cultural, and psychological
factors. |
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