Emerging-Market Multinational Enterprises in Developed Markets:
Emerging-Market Multinational Enterprises in Developed Markets:
Emerging-Market Multinational Enterprises in Developed Markets:
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Table 5<br />
Robustness Check: Panel Tobit Regression Results us<strong>in</strong>g Different Weights<br />
(Estimates for <strong>in</strong>dependent variables only)<br />
Host Measures Weighted by Host GDP Host Measures Weighted by Distance<br />
(No lag) (Lag 1) (Lag 2) (Lag 3) (Lag 4) (Lag 5) (No lag) (Lag 1) (Lag 2) (Lag 3) (Lag 4) (Lag 5)<br />
Host DM's <strong>in</strong>dustry-level $ value of R&D <strong>in</strong>vestments 0.51*** 0.32*** 0.30*** 0.25*** 0.22*** 0.23*** 0.23*** 0.23*** 0.24*** 0.15** 0.12* 0.11*<br />
Host DM's <strong>in</strong>dustry-level # of R&D employment 0.74*** 0.48*** 0.43*** 0.35*** 0.31*** 0.31*** 0.32*** 0.33*** 0.34*** 0.22** 0.16* 0.16*<br />
Host DM's <strong>in</strong>dustry-level number of patents -0.13 -0.12 -0.12 -0.15 -0.07 -0.03 -0.12 -0.15 -0.16 -0.21 -0.1 -0.05<br />
* p
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