Detail publikace

How to Stir Up FDI Spillovers: Evidence from a Large Meta-Analysis

Autor: doc. PhDr. Tomáš Havránek Ph.D.,
doc. PhDr. Zuzana Havránková Ph.D.,
Typ: IES Working Papers
Rok: 2011
Číslo: 34
Publikováno v: IES Working Papers 34/2011
Místo vydání: Prague
Klíčová slova: Bayesian model averaging; Foreign direct investment; Productivity spillovers; Determinants; Meta-analysis
JEL kódy: C83; F23; O12
Citace: Havránek, T., Iršová, Z. (2011). “ How to Stir Up FDI Spillovers: Evidence from a Large Meta-Analysis” IES Working Paper 34/2011. IES FSV. Charles University.
Granty: GAČR P402/11/0948 Vývoj analytického rámce pro energetickou bezpečnost: Ekonometrie časových řad, teorie her, meta-analýza a teorie regulace
Abstrakt: The voluminous empirical research on horizontal productivity spillovers from foreign investors to domestic firms has yielded mixed results. In this paper, we collect 1,205 estimates of horizontal spillovers from the literature and examine which factors influence spillover magnitude. To identify the most important determinants of spillovers among 43 collected variables, we employ Bayesian model averaging. Our results suggest that horizontal spillovers are on average zero, but that their sign and magnitude depend systematically on the characteristics of the domestic economy and foreign investors. The most important determinants are the technology gap between domestic and foreign firms and the ownership structure in investment projects. Foreign investors who form joint ventures with domestic firms and who come from countries with a modest technology edge create the largest benefits for the domestic economy.
Ke stažení: WP 2011_34_Havranek, Irsova




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