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Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?
Governments the world over offer significant inducements to attract investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. There are several possible sources of induced spillovers from foreign direct investmen...
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Published in: | The World Bank research observer 2004-09, Vol.19 (2), p.171-197 |
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container_title | The World Bank research observer |
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creator | Görg, Holger Greenaway, David |
description | Governments the world over offer significant inducements to attract investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. There are several possible sources of induced spillovers from foreign direct investment. This article evaluates the empirical evidence on productivity, wage, and export spillovers in developing, developed, and transition economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is at best mixed. The article explores the reasons and concludes with a review of policy aspects. |
doi_str_mv | 10.1093/wbro/lkh019 |
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source | EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); JSTOR Archival Journals and Primary Sources Collection; PAIS Index; Oxford Journals Online |
subjects | Competition Econometrics Economic benefits Economic competition Economic policy Economic theory Empirical evidence Enterprises Exports Finance Foreign direct investment Foreign direct investments Foreign investment Globalization Government Host country Human capital Industrial productivity International economics Multinational corporations Observational research Productivity Spillovers Studies Technology adoption Technology transfer Transition economies Wages Wages & salaries World Bank |
title | Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment? |
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