The short-run effects of knowledge intensive greenfield FDI on new domestic entry
研究了知识密集型绿地FDI对国内新企业进入率的短期影响，发现当国内行业活跃或研发密集时，这种FDI会促进新企业进入。
Existing evidence on the impact of foreign direct investment on domestic economies remains ambiguous. Positive technology spillovers of foreign investment may be outweighed by negative crowding out effect due to increased competition. In this paper, we employ a unique country/sector-level data set to investigate the impact of what is considered the 'best' type of foreign investment-greenfield knowledge intensive FDI-on domestic entry. Our results suggest that, in the short run, this type of FDI is positively related to the entry rate in the host country, if the domestic sector is either dynamic, or highly R&D intensive. These sectors may be respectively characterized by lower entry costs, which encourage a 'trial-and-error' learning business approach, and by a higher level of absorptive capacity which increases the chance of technology transfer.