Knowledge Spillovers from FDI: A Critical Review from the International Business Perspective

This paper reviews and organizes the theoretical and empirical research on foreign direct investment ( FDI) knowledge spillovers from the international business perspective. In doing so, it develops a framework for the analysis of this phenomenon. The suggested FDI knowledge spillover framework integrates both the macro‐level (country, industry, institutions) and micro‐level (multinational firm, headquarters, subsidiary, local firms) antecedents...