Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Investment?
Holger Görg () and
Sir David Greenaway ()
No 3485, CEPR Discussion Papers from C.E.P.R. Discussion Papers
Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This paper begins by reviewing possible sources of spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is hard to find. The reasons for this are explored and the paper concludes with a review of policy aspects.
Keywords: foreign direct investment; productivity spillovers; technology transfer (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
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