Credit Constraints and Spillovers from Foreign Firms in China

Natasha Agarwal (), Chris Milner and Alejandro Riaño

No 2014/07, Discussion Papers from University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM)

Abstract: This paper examines whether credit constraints affect Chinese firms' absorption of productivity spillovers originating from the activity of foreign-owned firms. Using firm-level data for 2001 to 2005, we find evidence of positive spillovers originating from foreign-owned firms from countries other than Hong Kong, Macau and Taiwan for non-state owned Chinese firms operating in the same industry and province. Using an index of external finance dependence to measure credit.

Keywords: Foreign direct investment; knowledge spillovers; credit contraints; China (search for similar items in EconPapers)
Date: 2014-07
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (7)

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Journal Article: Credit constraints and spillovers from foreign firms in China (2014)
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