Projects by Focal Areas:
Trade, Investment, and Labor Policy
Property Rights and Global Innovation
Natural Resource Scarcity, Security, and Sustainability
Economic, Financial, and Political Crisis
Diaspora Investment and Entrepreneurship
International Business & Economic Development Research
sponsored by rkl3d llc
Projects by Researcher:
Projects by Focal Areas: Property Rights and Global Innovation
Do Stronger Intellectual Property Rights Induce More Innovation? Evidence That the Intellectual Property Rights Regime of Trade Partners Impacts Domestic Firm Innovation.
PI: Joel Blit, Assistant Professor, Department of Economics, CCAS
Intellectual Property Rights (IPR) are among the key state institutions that frame the innovative activities of firms and this project seeks to understand its evolving role in a context of increasing globalization. While most studies have found a positive correlation between IPR and firm R&D in panel data (at least for developed countries), it is not clear that one can attribute a causal relationship. The correlation may arise because as firms increase their R&D they begin lobbying the government for increased IPR so as to better protect their investment. My project assesses whether the relationship is causal by examining whether the R&D expenditures of export-oriented sectors respond to changes in the IPR regimes of its export markets. In addition, the project will compare the relative impact of home and export market IPR on the R&D of home firms.
External Knowledge Sourcing Through Domestic and Foreign Acquisitions; Impact of M&As on Target, Acquirer, and Third-Party Innovation
PI: Wenjie Chen, Assistant Professor, Department of International Business, GWSB; Joel Blit, Assistant Professor, Department of Economics, CCAS
Firms are increasingly seeking sources of innovation abroad and a primary method through which they do so is foreign mergers and acquisitions (M&As). This project examines how M&As affect innovation in the acquirer and target firm, and knowledge flows between: a. acquirer and target, b. acquirer and third-party firms in the location of the target, and c. target and third-party firms in the home country of the acquirer. We will also examine how the characteristics and national origin of the acquirer affects these outcomes. In particular, we make the distinction between acquirer country origin and acquirer type, i.e. a publicly listed firm, a private firm or a government owned entity. As a result, this study will examine the effects of state owned enterprises as vehicles to access foreign knowledge and develop national innovative capability.
Looking Beyond Home and Host Countries: International Institutions and Foreign Investment
PI: Srividya Jandhyala, Assistant Professor, Department of International Business, GWSB
Although the impact of home and host country property rights institutions on Multinational Enterprises' (MNE) investment strategies has received significant attention in the literature, domestic institutions tend to be relatively stable with small changes over time in their composition, strength, and effectiveness. On the other hand, international institutional systems, such as Bilateral Investment Treaties (BITs), providing extensive rights and protection to foreign investors have proliferated rapidly during the last few decades. This project examines the impact of Bilateral Investment Treaties on investors' willingness to pay for foreign petroleum assets. The results are expected to inform managers about the security and valuation of their foreign assets as well as policy makers about the effectiveness of BITs in conferring incentives to foreign investors.