Topic
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: In this paper, the authors examine how industrial policy, specifically tariff liberalization and tax subsidies, affects the magnitude and direction of FDI spillovers in China's manufacturing sector and conclude that liberalization measures during the critical 1998-2007 period on balance served to enhance productivity growth in Chinese industry.
55 citations
TL;DR: In this article, the authors examined conditional volatility spillovers among five major asset classes (public real estate, stock, bond, money and currency) domestically and internationally in G7 countries from January 1997 to December 2013.
55 citations
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TL;DR: In this paper, the authors examined the impact of foreign direct investment on the performance of domestic establishments in the electronics industry in the UK using establishment-level data taken from the UK Census of Production (the ARD).
Abstract: In this Paper we aim to examine the regional impact of foreign-owned establishments on the performance of domestic establishments in the electronics industry in the UK. We use establishment-level data taken from the UK Census of Production (the ARD) to this end. In the econometric specification, we allow for the time-varying endogeneity of the factors of production function, and correct for the sample-selection bias generated by plants with larger capital stocks surviving in spite of lower productivity realisations. The FDI spillover literature has so far abstracted from the selection problem generated by plant exit. To our knowledge, this is the first Paper that simultaneously attempts to correct the production parameter estimates for selectivity induced by plant exit as well as time-varying endogeneity (the ‘not so fixed’ effect), before identifying the impact of foreign direct investment on domestic plant’s productivity. The results indicate that positive spillovers exist but are mostly confined to the region in which the MNE locates. A number of characteristics influence their level, they are higher from non-US firms (in particular Japanese firms) and in more-developed regions.
55 citations
TL;DR: In this article, the authors introduce firm and worker heterogeneity into a model of innovation driven endogenous growth and study the determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy in one country to outcomes in others.
Abstract: We introduce firm and worker heterogeneity into a model of innovation†driven endogenous growth Individuals who differ in ability sort into either a research activity or a manufacturing sector Research projects generate new varieties of a differentiated product Projects differ in quality and the resulting technologies differ in productivity In both sectors, there is a complementarity between firm quality and worker ability We study the co†determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy in one country to outcomes in others
55 citations
TL;DR: In this paper, a simple model of wage dispersion arising from oligopsonistic competition in the labor market is proposed, where workers who are equally able but who have heterogeneous preferences for non-wage characteristics, while employers have heterogenous productivity characteristics.
55 citations