PRODUCTIVITY SPILLOVERS FROm mULTINATIONAL COmPANIES

نویسنده

  • HOLgER gÖRg
چکیده

Many host country governments assume that inward Foreign Direct Investment (FDI) can bestow large benefits to the economy, bringing not only new investment that boosts national income but also an inflow of new foreign knowledge and technology. The purpose of this chapter is to review the evidence of the importance of these productivity spillovers from inward FDI. It finds that the international evidence on productivity spillovers is mixed. It argues that the most plausible interpretations for the lack of consistent findings are that, firstly, characteristics specific to individual countries can influence the extent to which spillovers happen, secondly, individual firms’ level of absorptive capacity is important and thirdly, focusing purely on horizontal spillovers misses important vertical channels of knowledge transfer, in particular through backward linkages, which may bestow larger external effects. The author is grateful to Aoife Hanley for helpful comments on an earlier draft. PRODUCTIVITY .SPILLOVERS .FROM .MULTINATIONAL .COMPANIES

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تاریخ انتشار 2007