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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
Citations
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Firm heterogeneity, exporting and foreign direct investment*
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Determinant Factors of FDI Spillovers - What Do We Really Know?
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Absorptive capacity and productivity spillovers From FDI: a threshold regression analysis
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Innovation performance and channels for international technology spillovers: Evidence from Chinese high-tech industries
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References
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Journal ArticleDOI
The role of FDI, R&D accumulation and trade in transferring technology to transition countries: evidence from firm panel data for eight transition countries
TL;DR: In this article, the impact of direct technology transfer through FDI, intra-industry knowledge spillovers from FDI and a firm's own R&D accumulation and spillovers through trade for total factor productivity (TFP) growth of local firms was examined.
Book ChapterDOI
Multinational Corporations and Productivity Convergence in Mexico
Magnus Blomstrom,Magnus Blomstrom,Magnus Blomstrom,Ari Kokko,Ari Kokko,Ari Kokko,Mario Zejan +6 more
TL;DR: This paper showed that the realization of the potentiality for productivity catch-up simply because of backwardness depends strongly on another set of causes, some of which are internal and others external to the countries themselves.
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.
Journal ArticleDOI
R&D and Technology Spillovers Via FDI: Innovation and Absorptive Capacity
TL;DR: In this article, the authors examined the impact of R&D and technology spillovers from FDI on a firm's productivity growth and found that the learning effect was far more important than the innovative effect in explaining the productivity growth.
Journal ArticleDOI
Spillovers from Foreign Firms through Worker Mobility: An Empirical Investigation*
Holger Görg,Eric Strobl +1 more
TL;DR: This paper investigated whether spillovers occur via worker mobility and found that firms which are run by owners who worked for multinationals in the same industry immediately prior to opening up their own firm are more productive than other domestic firms.
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