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The Nested Variable Model of FDI Spillover Effects Estimation Using Hungarian Panel Data

Ichiro Iwasaki, Péter Csizmadia, Miklós Illéssy, Csaba Makó and Miklós Szanyi

No 521, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: A new empirical model is presented in this paper with respect to the productivity spillover effects of foreign direct investment (FDI) by focusing on the multi-layered structure of industrial classifications. In this model, the market presence of horizontal FDI in a host country is expressed using multiple spillover variables with a nested structure corresponding to the aggregated level of industrial classification. Using large-scale firm-level data from Hungary, we estimated the nested variable model and verified horizontal FDI spillover effects that cannot be captured with the conventional model having a single horizontal variable.

Keywords: foreign direct investment; multinational enterprise; technology and knowledge spillover; nested variable model; Hungary (search for similar items in EconPapers)
JEL-codes: D24 F21 F23 L16 L60 L80 O19 P23 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2011-05
New Economics Papers: this item is included in nep-tra
Note: May 2011 (First version: November 2009)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/19136/DP521.pdf

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Journal Article: The Nested Variable Model of FDI Spillover Effects: Estimation Using Hungarian Panel Data (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:521

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