Foreign direct investment and total factor productivity in OECD countries: evidence from aggregate data
Argentino Pessoa ()
FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto
Foreign direct investment (FDI) can be a source not just of capital, but also of new technology and intangibles such as organizational and managerial skills, and marketing networks. In this study, a panel data approach is used to study the effects of FDI on aggregate Total Factor Productivity in a sample of 16 OECD countries. We have implemented a statistical descriptive model that allows us to show that FDI has a positive impact on TFP, possibly because FDI is a channel through which technologies are transferred internationally.
Keywords: Foreign direct investment; total factor productivity; royalties and license fees; spillovers (search for similar items in EconPapers)
JEL-codes: C33 F21 F23 (search for similar items in EconPapers)
Pages: 19 pages
New Economics Papers: this item is included in nep-cwa, nep-eff and nep-mkt
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:188
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