Foreign Investment and Productivity: A Study of Post-reform Indian Industry

Murali Patibandla
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Murali Patibandla: Department of International Economics and Management, Copenhagen Business School, Postal: Department of International Economics and Management, Copenhagen Business School, Howitzvej 60, 2nd floor , DK-2200 Copenhagen N, Denmark

No 1-2002, Working Papers from Copenhagen Business School, Department of International Economics and Management

Abstract: The paper uses panel data for Indian industries in the post-reform period to study the direct and indirect productivity effects at firm level generated by foreign investment. It finds no evidence that foreign investment directly increases firm-level productivity, nor that R&D spending is more productive in firms or sectors with higher foreign investment. It however finds strong evidence that local firms benefit from foreign investment in their industries. These benefits are higher for larger firms and those that do more business domestically.

Keywords: Transnational Corporations; Foreign Investment; Technology Spillover; Indian industries. (search for similar items in EconPapers)
Pages: 14 pages
Date: 2002-06-12
New Economics Papers: this item is included in nep-dev
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