EconPapers    
Economics at your fingertips  
 

Quantifying Productivity Gains from Foreign Investment

Christian Fons-Rosen (), Sebnem Kalemli-Ozcan (), Bent Sorensen, Carolina Villegas-Sanchez () and Vadym Volosovych ()

No 9434, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We quantify the causal effect of foreign investment on total factor productivity (tfp) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling for unobservable firm and country-sector-year factors. Using our well identified firm level estimates for the direct effect of foreign ownership on acquired firms and for the spillover effects on domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be very small.

Keywords: FDI; Knowledge Spillovers; Multinationals; Selection (search for similar items in EconPapers)
JEL-codes: E32 F15 F36 O16 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ifn, nep-int and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=9434 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Quantifying productivity gains from foreign investment (2021) Downloads
Working Paper: Quantifying Productivity Gains from Foreign Investment (2020) Downloads
Working Paper: Quantifying Productivity Gains from Foreign Investment (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:9434

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=9434

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2022-09-22
Handle: RePEc:cpr:ceprdp:9434