The goal of this paper is to verify the existence of a relationship between the efficiency of intellectual capital and the financial performance of Italian manufacturing firms.
Foreign direct investment (FDI) from Multinational Enterprises (MNEs) can be beneficial to host countries, since it may generate positive externalities to domestic firms, contributing to the increase of their productivity. These positive... more
Foreign direct investment (FDI) from Multinational Enterprises (MNEs) can be beneficial to host countries, since it may generate positive externalities to domestic firms, contributing to the increase of their productivity. These positive effects can take place both within an industry (“horizontal” spillovers) and across industries (“vertical” spillovers) as in the case of technology transfers to domestic suppliers or customers in the production chain. Using a firm-level panel data, in this paper we analyse productivity spillovers of FDI in the Italian manufacturing firms both within and across industries. Our results suggest the existence of “vertical” spillovers and no evidence of “horizontal” ones.
This paper reviews the empirical literature on technology spillovers from foreign direct investment (FDI) in developing countries. The sample includes 32 studies that model the contribution of FDI presence to local productivity in the... more
This paper reviews the empirical literature on technology spillovers from foreign direct investment (FDI) in developing countries. The sample includes 32 studies that model the contribution of FDI presence to local productivity in the host country through spillover effects such as those associated with technology transfer and superior managerial know-how. In our quantitative meta-analysis, study estimates of spillover effects are
Abstract: While the positive productivity spillover from Foreign Direct Investment (FDI) to domestic owned firms in host countries is unequivocally emphasized in theory, the empirical evidence is contradictory. This paper, based on firm... more
Abstract: While the positive productivity spillover from Foreign Direct Investment (FDI) to domestic owned firms in host countries is unequivocally emphasized in theory, the empirical evidence is contradictory. This paper, based on firm level data in Vietnam (enterprise census, 2000-2005), provides more inside on that. Using time-varying stochastic frontier approach, the study decomposed the change of productivity into technical change, technical efficiency change and scale efficiency change. The evidence from estimating the spillovers in each corresponding components suggest that horizontal FDI bring negative spillovers, mainly to technical change but positive spillovers to technical efficiency. Vertical FDI also have mixed impacts to domestic owned firm’s productivity.
Keyword: Stochastic frontier model, foreign direct investment, productivity spillover, panel data
