Foreign direct investment and technical progress in Spanish manufacturing

J. Rosell-Martinez () and P. Sanchez-Sellero ()
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J. Rosell-Martinez: Business Economics - Centro Universitario de la Defensa de Zaragoza, Business Economics - Universidad de Zaragoza = University of Zaragoza [Saragossa University] = Université de Saragosse
P. Sanchez-Sellero: Business Economics - Universidad de Zaragoza = University of Zaragoza [Saragossa University] = Université de Saragosse

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Abstract: This paper analyzes the effects of foreign direct investment on technical progress in Spanish manufacturing. Particularly, we study how foreign direct investment (FDI)'s contributions vary depending on the economic structure of the industry. The results show that most FDI goes to capital-intensive sectors, especially when those sectors are also research and development (R&D)-intensive. Our estimates of the Solow residual show that the positive effect of contemporaneous and lagged FDI on manufacturing productivity is only attributable to capital- and R&D-intensive industries in what seems to be related to a dynamic capabilities explanation or to complementarities with R&D expenditures.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-05-03
Note: View the original document on HAL open archive server: https://hal.science/hal-00693830v1
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Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2011.564155⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00693830

DOI: 10.1080/00036846.2011.564155

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