H. Beladi et Ek. Choi, ON THE EMERGENCE OF MULTINATIONAL-CORPORATIONS IN DEVELOPING-ECONOMIES - A NOTE, Regional science and urban economics, 25(5), 1995, pp. 675-684
By explicitly incorporating the spillover effects of technological tra
nsfers into the host country's production activities, this paper argue
s that the spillover effects of multinational corporations will in fac
t reduce employment in the multinational sector and increase employmen
t in the local sector, thereby increasing overall employment and incom
e in the host country.