TY  - BOOK
AU  - Akcigit,Ufuk
AU  - Ates,Sina T.
AU  - Lerner,Josh
AU  - Townsend,Richard R.
AU  - Zhestkova,Yulia
ED  - National Bureau of Economic Research.
TI  - Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers 
T2  - NBER working paper series
PY  - 2020///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - September 2020; Hardcopy version available to institutional subscribers
N2  - The treatment of foreign investors is a contentious topic in U.S. entrepreneurship policy. We model a setting where foreign corporate investments in Silicon Valley may allow U.S. entrepreneurs to pursue technologies that they could not otherwise, but may also lead to knowledge spillovers. We show that despite the benefits from such inbound investments for U.S. firms, it may be optimal for the U.S. government to raise their costs to deter investments. Using as comprehensive as possible a sample of investments by foreign corporate investors in U.S. startups, we find evidence consistent with the presence of knowledge spillovers to foreign investors
UR  - https://www.nber.org/papers/w27828
UR  - http://dx.doi.org/10.3386/w27828
ER  -