The Effects of Greenfield FDI and Cross-border M&As on Total Factor Productivity
Dierk Herzer and
MPRA Paper from University Library of Munich, Germany
We examine the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from 2003 to 2011, we find that greenfield FDI has no statistically significant effect on TFP while M&As have a positive effect on TFP in the total sample. Greenfield FDI and M&As both appear to be ineffective in increasing TFP in the sub-sample of developing countries. In contrast, M&As have a strong and positive effect on TFP in the sub-sample of developed countries.
Keywords: greenfield FDI; cross-border mergers and acquisitions; total factor productivity (search for similar items in EconPapers)
JEL-codes: F21 F23 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-int
Date: 2014-08-03, Revised 2015-03-17
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Journal Article: The Effects of Greenfield FDI and Cross-border M&As on Total Factor Productivity (2016)
Working Paper: The effects of Greenfield FDI and cross-border M&As on total factor productivity (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65060
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