The ownership advantage in Latin American FDI: A sectoral study of us direct investment in Mexico
研究检验了美国跨国公司对墨西哥行业直接投资的所有权优势假说,发现人力知识、技术优势和规模优势是驱动因素,而本地研发与投资负相关。
This article develops a model which tests the hypothesis that sectoral FDI flows from the United States to Mexico over a four-year period can be explained by the ownership advantages of US multinationals. Theoretical developments in the concept of 'ownership advantage' are used to guide the formulation of the research. The findings suggest that direct investment into US MNEs' affiliates in Mexico is driven by benefits derived from embedded human knowledge, technology-embodied advantages, and possibly from scale advantages. Local R&D is negatively associated with FDI.