Horizontal and Vertical FDI Spillovers: Recent Evidence from the Czech Republic

Juraj Stancik

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: This paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. Using firm- level panel data from 1995 to 2003, it studies both horizontal and vertical spillovers. The study allows for the lagged nature of spillovers and pays at- tention to the potential endogeneity of FDI with respect to future industry growth. The results suggest that domestic companies are mostly su®ering in the presence of foreign companies, especially in upstream sectors. Negative horizontal and forward spillovers are present mainly in recent years. Time sensitivity is revealed for horizontal spillovers.

Keywords: Productivity; growth; spillovers; FDI; ownership. (search for similar items in EconPapers)
JEL-codes: C23 D24 D57 L6 (search for similar items in EconPapers)
Date: 2007-09
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:cer:papers:wp340

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