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 impact of public capital on state economic well-betng has been investigated and the authors find that infrastructure is a significant variable in determining state employment. And they find that surrounding state highway public capital apparently has positive spillover impacts.
Abstract: Past studies of the impact of public capital on state economic well-betng have often focused on estimates of productton functions, yet such an approach overlooks some important economic relationships. This article presents estimates designed to care fully measure the impact of public capital on state employment by using a model that incorporates infrastructure impacts from several different sources Controlling for differences in states' industrial structure, demand conditions, production costs, demographics, and noninfrastructure amenities and state fixed effects, the authors find that infrastructure is a significant variable in determining state employment. Moreover, surrounding state highway public capital apparently has positive spillover impacts. Finally, a simulation is conducted to examine whether a govern ment policy of raising taxes to fund an increase in public infrastructure increases employment.
48 citations
TL;DR: Wang et al. as discussed by the authors investigated the effect of smart city policy on urban green total-factor productivity (GTFP) in China using balanced panel data for 283 prefecture-level cities from 2004 to 2017.
48 citations
TL;DR: In this paper, the authors measured the return and volatility spillovers of crude oil and food prices in Nigeria using the Diebold and Yilmaz (2012) approach using the monthly data of food prices and crude oil from January 1 1997 to June 30, 2017.
48 citations
TL;DR: In this paper, an integrative framework of how FDI spillovers affect the productivity of local firms in emerging markets is presented, where the authors identify an inverted U-shaped relationship between foreign direct investment (FDI) spillovers and local firms' productivity in China.
48 citations
TL;DR: In this paper, the spillover effects of foreign direct investments on Turkish manufacturing industry have been examined by five single equation econometric models, and the results suggest that while the presence of foreign firms increases competition in domestic industries, there is no significant contribution on the productivity of domestic firms.
Abstract: In this article, spillover effects of foreign direct investments on Turkish manufacturing industry have been examined by five single equation econometric models. All models are constructed in line with the recent spillover models both for developed and developing economies. The first two models aimed to estimate the spillover effects of the presence of foreign firms on the productivity and competitiveness of domestic firms. Estimation results suggest that while the presence of foreign firms increases competition in domestic industries, there is no significant contribution on the productivity of domestic firms. Two of the remaining three models basically tested the impact of technology gap between domestic and foreign firms on the productivity and market growth of domestic firms. However, no significant relation is found between those variables. The final model estimated the impact of the initial technology gap on the change in technology gap in the course of time. In the final model, a significant correlation is found. Those results and some accommodating data on the performances of multinational firms led us to conclude that Turkey is at the crossroad. If locational advantages of the country are developed by proper policies, spillover effects on the domestic industries could be materialized with the rising competition, which has already brought into by the presence of foreign firms. Copyright © 2000 John Wiley & Sons, Ltd.
47 citations