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Spillover versus Ownership: A Meta-Analysis of Transition Literature

Ichiro Iwasaki () and Masahiro Tokunaga

No 42, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: In this paper, we conduct a meta-analysis of the literature that empirically examines the microeconomic impacts of foreign direct investment (FDI) in Central and Eastern Europe and the former Soviet Union. The meta-synthesis of estimates collected from relevant studies shows that both the effect size and the statistical significance of the indirect effect of FDI, namely the productivity spillover effect, are obviously lower than those of the direct effect caused by foreign participation in company management through ownership. Moreover, the meta-regression analysis reveals that, probably due to the presence of publication selection bias, previous studies have not yet provided empirical evidence of a non-zero productivity spillover effect in the region. Further research efforts are required to capture the true effect.

Keywords: foreign direct investment (FDI); technology spillover; foreign ownership; meta-analysis; publication selection bias; Central and Eastern Europe; former Soviet Union (search for similar items in EconPapers)
JEL-codes: D22 F21 F23 F61 P33 (search for similar items in EconPapers)
Pages: 33, [24] p.
Date: 2013-11
New Economics Papers: this item is included in nep-cis, nep-eff, nep-int and nep-tra
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http://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/26000/RRC_WP_No42.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:42

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