South-South FDI: Is it really different?
Robert Gold (),
Aoife Hanley and
Adnan Seric ()
No 2083, Kiel Working Papers from Kiel Institute for the World Economy (IfW)
We compare the performance of Northern and Southern multinationals in Sub-Saharan Africa, and contrast it with local firms in the host country. Employing unique firm level data for 19 Sub-Saharan African countries, we show that firms receiving FDI outperform domestic ones, while the origin of the foreign investor is of minor importance. We use three different definitions of "South" to compare Northern and Southern FDI. Overall, we do not find strong differences in terms of firm productivity growth between Northern and Southern FDI, irrespective of how the latter is defined. However, we find that employment growth is generally higher for firms receiving FDI from other African investors as compared to Northern FDI, and they also receive more technology transfer from their parent company abroad.
Keywords: South-South FDI; productivity; performance differences; Africa (search for similar items in EconPapers)
JEL-codes: F23 O14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eff and nep-int
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Journal Article: South–South FDI: is it really different? (2017)
Working Paper: South-South FDI: Is It Really Different? (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:2083
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