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Spillover effect

About: Spillover effect is a research topic. Over the lifetime, 7869 publications have been published within this topic receiving 167367 citations.


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TL;DR: The authors reviewed possible sources of FDI induced spillovers and provided a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies, concluding that robust empirical support for positive spillovers is mixed.
Abstract: Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by reviewing possible sources of FDI induced 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, at best, mixed. The reasons for this are explored and the paper concludes with a review of policy aspects.

67 citations

Journal ArticleDOI
TL;DR: In this paper, the authors consider national input-output linkages and cross industrial flows of workers as two important channels of inter-industrial spillovers in labor market effects and find that industrial interdependencies induce a multiplier effect for changes in industry-specific variables such as international outsourcing.

67 citations

Journal ArticleDOI
TL;DR: In this article, the authors proposed a novel approach to examine the risk spillovers between FinTech firms and traditional financial institutions, during a time of fast technological advances, based on the stock returns of U.S. financial and FinTech institutions.

67 citations

Journal ArticleDOI
Prashant Joshi1
TL;DR: In this article, the authors examined the return and volatility spillover among Asian stock markets in India, Hong Kong, Japan, China, Indonesia, and Korea using a six-variable asymmetric generalized autoregressive conditional heteroscedasticity model during February 2, 2007, to February 29, 2010.
Abstract: The study examines the return and volatility spillover among Asian stock markets in India, Hong Kong, Japan, China, Jakarta, and Korea using a six-variable asymmetric generalized autoregressive conditional heteroscedasticity–Baba, Engle, Kraft, and Kroner (GARCH-BEKK) model during February 2, 2007, to February 29, 2010. The author finds evidence of bidirectional return, shock, and volatility spillover among most of the stock markets. The magnitude of volatility linkages is low indicating weak integration of Asian stock markets. The study finds that own volatility spillover is higher than cross-market spillover. The overall persistence of stock market volatility is highest for Japan (0.931) and lowest for China (0.824). The implication of weak integration is that investors will benefit from reduction of diversifiable risk.

66 citations

Journal Article
TL;DR: Wang et al. as discussed by the authors studied the interaction between the haze pollution of the province and its neighborhoods' pollution in China's 31 provinces, as well as the impacts from energy structure and economy changes.
Abstract: In this article,according to spatial econometrics,we especially focus on studying the interaction between the haze pollution of the province and its neighborhoods' pollution in China's 31 provinces,as well as the impacts from energy structure and economy changes.First,there exists positive global spatial autocorrelation in China's provinces.There also exists a "high-high" "polarization" phenomenon,which emerged in The Beijing Tianjin Hebei region,The Yangtze River Delta region and the middle region which connects the two areas.We account it for industry transfer,which further intensify the economy-pollution spatial linkage among China's provinces.And on this account,the pollution spillover effect is more obvious.Second,the spatial environmental Kuznets Curve econometric model is set up to quantitatively analyze the pollution's spillover effects and its influencing factors,which finds that the change of pollution's level highly associates with energy structure and industrial structure.In addition,the inverse "U" relationship between haze pollution and economic development may not exist at all or not emerge.The level of pollution is rising continuously with the growth of GDP per capital.According to the empirical analysis,we can conclude that it is just short-term for improving haze pollution by transferring industry to neighborhoods to improve environmental quality.Because of the existence of pollution spillover,the strict environmental regulation's region,for instance Beijing,Tianjin,cannot get all the benefits from their regulation.The most effective method is that neighborhoods coordinate their efforts to deal with haze pollution.In the long run,optimizing the energy consumption structure and the industrial structure will play a key role in controlling haze.And reducing the use of inferior coal can solve the problem in a short-term.

66 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20231,413
20222,440
2021817
2020708
2019612
2018485