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Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Investment?
TLDR
In this paper, a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies is presented. But, although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is hard to find.Abstract:
Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This paper begins by reviewing possible sources of spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is hard to find. The reasons for this are explored and the paper concludes with a review of policy aspects.read more
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Institutional Impact of Foreign Direct Investment in China
Cheryl Long,Jin Yang,Jing Zhang +2 more
TL;DR: In this paper, the authors provide firm level empirical evidence that the presence of foreign direct investment (FDI) has positively affected the institutional quality of the host regions in China, and explore the specific mechanisms through which the institutional impact is materialized and provide various extensions of the empirical findings that offer further support for the FDI-induced institutional improvement argument.
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Technological catch‐up and geographic proximity*
TL;DR: In this article, the authors examined productivity catch-up as a source of establishment productivity growth and showed that establishments further behind the industry frontier experience faster rates of productivity growth. But they did not consider the effect of geographic proximity to frontier firms.
Journal ArticleDOI
The effects of outward foreign direct investment and reverse technology spillover on China's carbon productivity
TL;DR: Wang et al. as discussed by the authors examined the effect of reverse technology spillovers of China's OFDI on China's carbon productivity and found that the reverse technology can significantly promote the growth of TFCP and has a positive effect on improving the technological capabilities of the region.
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Debt financing and sharp currency depreciations: wholly versus partially-owned multinational affiliates
TL;DR: In this article, the authors provide empirical evidence on two potential costs of shared ownership of German affiliates abroad and show that partially-owned affiliates are less flexible to exploit tax efficient strategies.
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Discovering the relationship between natural resources, energy consumption, gross capital formation with economic growth: Can lower financial openness change the curse into blessing
Humaira Yasmeen,Qingmei Tan,Hashim Zameer,Hashim Zameer,Xuan Vinh Vo,Muhammad Shahbaz,Muhammad Shahbaz +6 more
TL;DR: In this paper, the relationship between natural resources, gross capital formation, energy consumption, and economic growth was investigated using structural equation modeling technique for the empirical analysis and the conclusions of study indicated the negative relationship of natural resources with economic growth which confirmed the existence of resource curse hypothesis.
References
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