Foreign Investment and Domestic Productivity: Identifying knowledge spillovers and competition effects
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- dc.contributor.author Fons-Rosen, Christian
- dc.contributor.author Kalemli-Özcan, Şebnem
- dc.contributor.author Sørensen, Bent E.
- dc.contributor.author Villegas-Sanchez, Carolina
- dc.contributor.author Volosovych, Vadym
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:26:47Z
- dc.date.available 2020-05-25T09:26:47Z
- dc.date.issued 2017-07-01
- dc.date.modified 2020-05-25T09:25:21Z
- dc.description.abstract We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representativ firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly positive, non-existent, or even negative, depending on which sectors receive FDI. When foreign firms produce in the same narrow sector as domestic firms, the latter are negatively affected by increasing competition and positively aected by knowledge spillovers. We find that the positive spillovers dominate if foreign firms enter sectors where firms are "technologically close," controlling for the endogeneity of their entry decision into such sectors. Positive technology spillovers also affect firms in other sectors, if those sectors are technologically close to the sectors receiving FDI. Increasing FDI in sectors that are technologically close to other sectors boosts TFP of domestic firms by twice as much as increasing FDI by the same amount across all sectors.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1580
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/33873
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1580
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword multinationals
- dc.subject.keyword competition
- dc.subject.keyword technology
- dc.subject.keyword selection
- dc.subject.keyword fdi
- dc.subject.keyword tfp.
- dc.subject.keyword Business Economics and Industrial Organization
- dc.subject.keyword Finance and Accounting
- dc.subject.keyword Labour, Public, Development and Health Economics
- dc.title Foreign Investment and Domestic Productivity: Identifying knowledge spillovers and competition effects
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper