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Host Country Benefits of Foreign Investment
TLDR
In this article, the empirical evidence on the very different conclusions that can be drawn about productivity spillovers of foreign direct investment is reviewed, and host country policy measures which can accelerate both the BC affiliates' technology imports and the diffusion of their technology in the host economies are discussed.Abstract:
This paper reviews the empirical evidence on the very different conclusions that can be drawn about productivity spillovers of foreign direct investment. It explains the concept of host country spillover benefits, describes the various forms these benefits can take, both within and between industries, and summarizes the evidence regarding the relative magnitudes of the various forms of spillovers. Moreover, the paper discusses host country policy measures which can accelerate both the BC affiliates' technology imports and the diffusion of their technology in the host economies.read more
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Journal ArticleDOI
Multinational Corporations and Spillovers
Magnus Blomstrom,Ari Kokko +1 more
TL;DR: In the major home countries, the debate on foreign direct investment has ranged from worries that outward FDI may substitute for domestic investment and erode technology leadership, to the argument that firms must invest abroad in order to stay competitive in an increasingly international environment as mentioned in this paper.
Journal ArticleDOI
Fiscal Paradise: Foreign Tax Havens and American Business
James R. Hines,Eric M. Rice +1 more
TL;DR: The authors analyzes the origins of this tax haven activity and its implications for the US and foreign governments, showing that American companies report extraordinarily high profit rates on both their real and their financial investments in tax havens.
Journal ArticleDOI
Inward technology transfer and competitiveness: the role of national innovation systems
David C. Mowery,Joanne E. Oxley +1 more
TL;DR: The authors examines the role of national innovation systems in the inward transfer of technology that has underpinned the transformation of Japan and other East Asian economies since 1945, concluding that the economies that have benefited most from inward technology transfer have national innovation system that have strengthened their "national absorptive capacity".
Book ChapterDOI
Local Technological Capability and Productivity Spillovers from FDI in the Uruguayan Manufacturing Sector
TL;DR: The predominant view in the literature on foreign direct investment is that various types of spillover may provide important benefits for the countries that host foreign multinational corporations as discussed by the authors, and that the competitive pressure exerted by foreign affiliates has forced local firms to operate more efficiently and introduce new technologies earlier than would otherwise have been the case.
Book ChapterDOI
The determinants of host country spillovers from foreign direct investment: a review and synthesis of the literature
TL;DR: The existence of spillover efficiency benefits to host country economies from inward foreign direct investment (FDI) is well documented in the literature, but they are not as clearly and consistently documented as the existence and magnitude of the relevant externalities as mentioned in this paper.