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BEGIN:VEVENT
UID:fe825d965db2ce17e486bdef7c204871
CATEGORIES:Seminars
CREATED:20240916T104917
SUMMARY:CANCELLED : Kalina Manova - UCL
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nMultinational Firms and Global Innovation”\n\n\nAbstract:\nThis paper p
 rovides an integrated analysis of multinational companies' global productio
 n and innovation. We establish novel stylized facts using rich data on the 
 network of production affiliates and patent activity of German multinationa
 ls. We rationalize these facts with a heterogeneous-firm model, in which co
 mpanies jointly determine the location and scale of production, basic innov
 ation and applied innovation, under asymmetric complementarities across the
 se three activities. Empirical evidence consistent with the model indicates
  that bigger MNCs innovate more intensively in terms of patent frequency an
 d quality, and offshore innovation to more countries, including both countr
 ies with and without production affiliates. Moreover, MNCs' innovation port
 folio follows countries' comparative advantage across technology classes, w
 ith applied innovation more likely to be co-located with production than ba
 sic innovation.\n
DTSTAMP:20260423T043438Z
DTSTART:20241017T163000Z
DTEND:20241017T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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