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FDI in Business Services has general TFP effects: evidence from Italy

Massimo Armenise (), Giorgia Giovannetti () and Gianluca Santoni
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Massimo Armenise: Fondazione Manlio Masi

Working Papers - Economics from Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa

Abstract: This paper studies the effect of FDI in business services on Total Factor Productivity of Italian manufacturing firms, over the period 2003-2008. More precisely, the paper tests the impact of forward inter industry linkages at local level. Our results, robust to different specifications, show that foreign capital infl ows improve the performance of domestic manufacturing firms. This relationship is particularly strong in the case of high tech sectors, such as mechanics and machinery. Traditional sectors, on the other hand, seem to be less sensitive to the availability of foreign business services in the same location.

JEL-codes: C23 D24 F23 (search for similar items in EconPapers)
Pages: pages
Date: 2011
New Economics Papers: this item is included in nep-cse, nep-eff, nep-eur, nep-int and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:frz:wpaper:wp2011_12.rdf

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