FDI spillovers in new EU member states

Economics of Transition

Volumn 18, Issue 3, 2010, Pages 487-511

  Nicolini, Marcella ^a   Resmini, Laura ^b,c  

^a FONDAZIONE ENI ENRICO MATTEI   (Italy)

^b UNIVERSITY OF VALLE D AOSTA   (Italy)

^c BOCCONI UNIVERSITY   (Italy)

Author keywords

Foreign direct investment; Spillovers; Transition countries

Indexed keywords

EUROPEAN UNION; FOREIGN DIRECT INVESTMENT; HETEROGENEITY; HIGH TECHNOLOGY INDUSTRY; SPILLOVER EFFECT;

BULGARIA; POLAND; ROMANIA;

EID: 79959889153     PISSN: 09670750     EISSN: 14680351     Source Type: Journal    
DOI: 10.1111/j.1468-0351.2009.00379.x     Document Type: Article

References (49)

1. Alfaro, L. and Rodriguez-Clare, A. (2004). 'Multinationals and linkages: An empirical investigation', Economia, 4, pp. 113-69.
2. Altomonte, C. and Resmini, L. (2002). 'Multinational enterprises as a catalyst for local industrial development. The case of Poland', Scienze Regionali. The Italian Journal of Regional Science, 1, pp. 29-58.
3. Blomstrom, M. and Kokko, A. (1997). 'How foreign investment affects host countries', Policy Research Working Paper Series n. 1745, Washington, DC: The World Bank.
4. Blomstrom, M., Globerman, S. and Kokko, A. (2001). 'The determinants of host country spillovers from foreign direct investment: A review and synthesis of the literature', in Pain N. (ed.), Inward Investment, Technological Change and Growth: The Impact of Multinational Corporations on the UK Economy, New York: Houndmills, pp. 34-65.
5. Cantwell, J. (1993). 'Technological competence and evolving patterns of international production', in Cox H., Clegg J., Ietto-Gilles G. (eds), The Growth of Global Business, London: Routledge, pp. 19-37.
6. Damijan, J. P., Knell, M., Majcen, B. and Rojec, M. (2003a). 'Technology transfer through FDI in top-10 transition countries: How important are direct effects, horizontal and vertical spillovers?' William Davidson Working Paper No. 549, Ann Arbor, MI: William Davidson Institute, .
7. Damijan, J., Knell, J., Maicen, B. and Rojec, M. (2003b). 'The role of FDI, R&D accumulation and trade in transferring technology to transition countries: Evidence from firm panel data for eight transition countries', Economic Systems, 27, pp. 189-204.
8. De Loecker, J. (2007). 'Product differentiation, multi-product firms and estimating the impact of trade liberalization on productivity', NBER Working Paper No. W13155, Cambridge, MA: National Bureau of Economic Research.
9. Djankov, S. and Hoekman, B. (2000). 'Foreign investment and productivity growth in Czech enterprise', World Bank Economic Review, 14, pp. 49-64.
10. Dunning, J. (1993). Multinational Enterprises and the Global Economy, Wokingham: Addison Wesley.
11. Findlay, R. (1978). 'Relative backwardness, direct foreign investment, and the transfer of technology: A simple dynamic model', The Quarterly Journal of Economics, 92, pp. 1-16.
12. Fosfuri, A., Motta, M. and Ronde, T. (2001). 'Foreign direct investment and spillovers through worker mobility', Journal of International Economics, 53, pp. 205-22.
13. Gerschenkron, A. (1962). Relative Backwardness in Historical Perspective, Cambridge, MA: Harvard University Press.
14. Glass, A., Kosteas, V. and Saggi, K. (2001). 'Linkages, multinationals and industrial development', in Lipsey R., Mucchielli J. L. (eds), Multinational Firms and Impacts on Employment, Trade and Technology, London: Routledge, pp. 137-153.
15. Gorg, H. and Greenaway, D. (2004). 'Much ado about nothing? Do domestic firms really benefit from foreign investment? World Bank Research Observer, 19, pp. 171-97.
16. Gorg, H. and Strobl, E. (2001). 'Multinational companies and productivity spillovers: A meta-analysis', The Economic Journal, 111, pp. 723-39.
17. Gorg, H., Hijzen, A. and Murakozy, B. (2006). 'The productivity spillover potential of foreign-owned firms: Firm-level evidence for Hungary', Research Paper No. 8, The University of Nottingham.
18. Haskel, J., Pereira, S. and Slaughter, M. (2007). 'Does inward foreign direct investment boost the productivity of domestic firms? The Review of Economics and Statistics, 89, pp. 482-96.
19. Hirschman, A. (1958). The Strategy of Economic Development, New Haven, CT: Yale University Press.
20. Jabbour, L. and Mucchielli, J. L. (2005). 'Foreign affiliates in the French manufacturing industry: Source or recipient of technology spillovers?' Mimeo.
21. Keller, W. (2002). 'Geographic localization of international technology diffusion', American Economic Review, 92, pp. 120-42.
22. Keller, W. and Yeaple, S. (2003). 'Multinational enterprises, international trade, and productivity growth: Firm level evidence from the United States', NBER Working Paper No. 9504, Cambridge MA: National Bureau of Economic Research.
23. Kinoshita, Y. (2001). 'R&D and technology spillovers through FDI: Innovation and absorptive capacity', CEPR Discussion Paper No. 2775, London: Centre for Economic and Policy Research.
24. Konings, J. (2001). 'The effect of direct foreign investment on domestic firms: Evidence from firm level panel data in emerging economies', Economics of Transition, 9, pp. 619-33.
25. Kugler, M. (2006). 'Spillovers from foreign direct investment: Within or between industries? Journal of Development Economics, 80, pp. 444-77.
26. Levinsohn, J. and Petrin, A. (2003). 'Estimating production functions using inputs to control for unobservables', Review of Economic Studies, 70, pp. 317-41.
27. Lipsey, R. and Sjöholm, F. (2005). 'The impact of inward FDI on host countries: Why such different answers?' in Moran, T. H., Graham, E. M. and Blömstrom, M. (eds), Does Foreign Direct Investment Promote Development? Washington, DC: Institute for International Economics, pp. 23-43.
28. Liu, X., Siler, P., Wang, C. and Wei, Y. (2000). 'Productivity spillovers from foreign direct investment: Evidence from UK industry level panel data', Journal of International Business Studies, 31, pp. 407-25.
29. Mairesse, J. and Jaumandreu, J. (2005). 'Panel-data estimates of the production function and the revenue function: What difference does it make? Scandinavian Journal of Economics, 107, pp. 651-72.
30. Mansfield, E. and Romeo, A. (1980). 'Technology transfer to overseas subsidiaries by US based firms', Quarterly Journal of Economics, 95, pp. 737-50.
31. Markusen, J. and Venables, A. (1999). 'Foreign direct investment as a catalyst for industrial development', European Economic Review, 43, pp. 335-56.
32. Merlevede, B. and Schoors, K. (2007). 'FDI and the consequences towards more complete capture of spillover effects', William Davidson Working Papers Series No. 886, Ann Arbor: William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
33. Olley, S. and Pakes, A. (1996). 'The dynamics of productivity in the telecommunication equipment industry', Econometrica, 64, pp. 1263-97.
34. Pawlik, K. (2005). 'Effects of foreign presence and affiliate control on the productivity of domestic companies in a transition economy: The case of the Polish manufacturing 1993-2002', Working Paper No. 11, Aarhus: Aarhus School of Business, Department of Management.
35. Peri, G. and Urban, D. (2006). 'Catching-up to foreign technology? Evidence on the "Veblen-Gerschenkron" effect of foreign investment', Regional Science and Urban Economics, 36, pp. 72-98.
36. Resmini, L. (2000). 'The determinants of foreign direct investment into the CEECs: New evidence from sectoral patterns', Economics of Transition, 8, pp. 665-89.
37. Rodriguez-Clare, R. (1996). 'Multinationals, linkages, and economic development', American Economic Review, 86, pp. 852-73.
38. Schoors, K. and Van Der Tol, B. (2002). 'The productivity effect of foreign ownership on domestic firms in Hungary', Working Paper No. 157, Gent: University of Gent.
39. Sinani, E. and Meyer, K. (2004). 'Spillovers of technology transfer from FDI: The case of Estonia', Journal of Comparative Economics, 32, pp. 445-66.
40. Smarzynska-Javorcik, B. (2004). 'Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages', American Economic Review, 94, pp. 605-27.
41. Smarzynska-Javorcik, B. and Spatareanu, M. (2005). 'Disentangling FDI spillover effects: What do firm perceptions tell us?' in Moran, T. H., Graham, E. M., Blömstrom, M. (eds), Does Foreign Direct Investment Promote Development? Washington, DC: Institute for International Economics, pp. 45-71.
42. Torlak, E. (2004). 'Foreign direct investment, technology transfer, and productivity growth in transition countries: Empirical evidence from panel data', CEGE-Discussion Paper No. 26, Center for European, Governance and Economic Development Research, University of Goettingen.
43. Tytell, I. and Yudaeva, K. (2007). 'The role of FDI in Eastern Europe and new independent states: New channels for the spillover effect', in Liescher, K., Christl, J., Mooslechner, P., and Ritzberger-Grunwald, D. (eds), Foreign Direct Investment in Europe. A Changing Landscape, Cheltenham: Edward Elgar, pp. 76-86.
44. UN/ECE (2001). 'Economic growth and foreign direct investment in the transition economies', Economic Survey of Europe, 1, Geneva: United Nations Press, pp. 185-225.
45. UNCTAD (2001). World Investment Report. Promoting Linkages, chapter IV, pp. 129-215, Geneva: United Nations Press.
46. Veblen, T. (1915). Imperial Germany and the Industrial Revolution, London: MacMillan.
47. Wang, J. and Blomstrom, M. (1992). 'Foreign investment and technology transfer', European Economic Review, 36, pp. 137-55.
48. Yudaeva, K., Kozlov, K., Melentieva, N. and Ponomareva, N. (2003). 'Does foreign ownership matter? The Russian experience', Economics of Transition, 11, pp. 383-409.
49. Zukowska-Gagelmann, K. (2000). 'Productivity spillovers from foreign direct investment in Poland', Economic System, 24, pp. 223-56.