Foreign Investment And Spillovers

Author : Magnus Blomstrom
Publisher : Routledge
Page : 84 pages
File Size : 46,9 Mb
Release : 2014-05-01
Category : Business & Economics
ISBN : 9781317685128

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Foreign Investment and Spillovers (Routledge Revivals) by Magnus Blomstrom Pdf

The spillover effect of multinational companies has, historically, been subject to much debate. The assumption that the host country can be expected to enjoy spillovers – improvements in the balance of payments, in the influx of foreign currency and in other sectors of the economy not directly affected by the multinational – has not necessarily been corroborated in practice. First published in 1989, this book addresses this debate, and the very different conclusions that can be drawn about spillovers. Reporting on significant research on Latin America and drawing comparisons with findings elsewhere, Foreign Investment and Spillovers provides students and researchers with a truly international perspective.

Author : Magnus Blomström
Publisher : Unknown
Page : 0 pages
File Size : 49,8 Mb
Release : 1989
Category : International business enterprises
ISBN : LCCN:83365297

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Foreign Investment and Spillovers by Magnus Blomström Pdf

Author : Kamal Saggi, Beata K. Smarzynska Javorcik
Publisher : World Bank Publications
Page : 22 pages
File Size : 51,8 Mb
Release : 2004
Category : Capitalists and financiers
ISBN : 8210379456XXX

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DOES IT MATTER WHERE YOU COME FROM? Vertical Spillovers from Foreign Direct Investment and the Nationality of Investors by Kamal Saggi, Beata K. Smarzynska Javorcik Pdf

"Javorcik, Saggi, and Spatareanu use a firm-level panel data set from Romania to examine whether the nationality of foreign investors affects the degree of vertical spillovers from foreign direct investment. Investors' country of origin may matter for spillovers to domestic producers in upstream sectors (supplying intermediate inputs) in two ways. First, the share of intermediate inputs sourced by multinationals from a host country is likely to increase with the distance between the host and the source economy. Second, the sourcing pattern is likely to be affected by preferential trade agreements that cover some but not other source economies. In this case, the Association Agreement signed between Romania and the European Union (EU) implies that inputs sourced from the EU are subject to a lower tariff than inputs sourced from America or Asia. Moreover, while for European investors intermediate inputs sourced from home country suppliers comply with the rules of origin and thus can be exported to the EU on preferential terms, this would not be the case for home country suppliers of American or Asian multinationals. Therefore, one would expect that American and Asian investors source more from Romania than EU investors and thus present greater potential for vertical spillovers. The empirical analysis produces evidence in support of the authors' hypothesis. They find a positive association between the presence of.

Author : Ari Kokko
Publisher : Coronet Books
Page : 214 pages
File Size : 40,5 Mb
Release : 1992
Category : Industrial efficiency
ISBN : 9172583428

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Foreign Direct Investment, Host Country Characteristics, and Spillovers by Ari Kokko Pdf

Author : Ziliang Deng
Publisher : Routledge
Page : 289 pages
File Size : 40,8 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136672637

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Foreign Direct Investment in China by Ziliang Deng Pdf

This book provides an insightful exploration of whether foreign direct investment (FDI) can promote the productivity of domestic enterprises. The book is based on a series of dedicated research conducted in the context of the Chinese economy, which has been the largest FDI host among the developing economies since 1993. The main themes of this book are (a) based on the latest literature and first-hand research, outlining possible mechanisms through which foreign direct investment could promote the productivity of domestic enterprises; (b) developing a comprehensive research framework to quantify the spillover effects with cutting-edge methodology; (c) constructing a decision support system for evaluating FDI policy reforms with advanced computer simulation techniques; (d) evaluating the broader impact of FDI spillovers on banking system and trade pattern. The book examines topical economic issues in the contemporary world economy from innovative perspectives, namely, how the presence of multinational enterprises has been one of the most important microeconomic drivers for the Chinese economy, how foreign banks have helped to enable Chinese banking system survive the global financial crisis, and how the domestic enterprises have learned to do exports from multinational affiliates and have changed the landscape of U.S.-Asian trade. The book incorporates the latest development of economic theory as well as computational economics model.

Author : P. Buckley
Publisher : Springer
Page : 433 pages
File Size : 52,8 Mb
Release : 2009-11-29
Category : Business & Economics
ISBN : 9780230248328

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Foreign Direct Investment, China and the World Economy by P. Buckley Pdf

China has become such an important element of the global economy that its influence cannot be ignored in almost any field of endeavour. The phenomenal impact of FDI in China and its (largely trade-related) consequences has been well documented and now there is a significant literature on the phenomenon of outward investment from China too. This book is an in depth study of the international business relationships of China covering both inward and outward foreign direct investment, its impact and related theoretical and policy issues. This volume of highly renowned author Peter Buckley's collected papers from 2005-8 continues his interest in the theory of international business (Section I) and policies towards foreign direct investment (FDI) (Section IV) but has a major concentration on China, both as regards outward foreign direct investment (OFDI) from China (Section II) and FDI in China (Section III).

Author : M. Blomstrom,A. Kokko,M. Zejan
Publisher : Springer
Page : 262 pages
File Size : 50,5 Mb
Release : 2000-03-15
Category : Business & Economics
ISBN : 9780230598614

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Foreign Direct Investment by M. Blomstrom,A. Kokko,M. Zejan Pdf

This book gathers together thirteen articles that deal with the internationalization strategies of firms, effects of foreign investment on host countries and host country policies vis-a-vis foreign multinationals. It illustrates how the behaviour of multinational firms and their effects on the host country are likely to differ between countries in a systematic manner, depending on the host country's economic policies and market conditions and provides a new approach on how to look at multinational firms.

Author : Sourafel Girma
Publisher : Unknown
Page : 40 pages
File Size : 42,8 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1306166804

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Foreign Direct Investment, Spillovers and Absorptive Capacity by Sourafel Girma Pdf

This paper focuses on the role of absorptive capacity in determining whether or not domestic firms benefit from productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there is some heterogeneity in results across sectors and quantiles, our findings clearly suggest that absorptive capacity matters for productivity spillover benefits. We find evidence for a u-shaped relationship between productivity growth and FDI interacted with absorptive capacity. We also analyse in some detail the impact of changes in absorptive capacity on establishments' ability to benefit from spillovers.

Author : Thomas Farole,Deborah Winkler
Publisher : World Bank Publications
Page : 298 pages
File Size : 50,8 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9781464801273

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Making Foreign Direct Investment Work for Sub-Saharan Africa by Thomas Farole,Deborah Winkler Pdf

This book presents the results of a groundbreaking study on spillovers of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

Author : E. Graham
Publisher : Springer
Page : 233 pages
File Size : 54,9 Mb
Release : 2005-04-28
Category : Political Science
ISBN : 9780230522954

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Multinationals and Foreign Investment in Economic Development by E. Graham Pdf

During the past twenty or so years, foreign direct investment (FDI) flows have increased at rates approaching the astounding, especially so during the 1990s. While much of the increase was due to unprecedented cross-border mergers and acquisitions among high-income countries, the amount of FDI flowing to developing nations also grew substantially. This volume examines the economics of this FDI to developing countries. Some chapters are theoretical in nature, others empirical, and still others are largely policy-oriented. Topics covered include whether FDI makes an autonomous contribution to growth in these nations and whether or not 'spillovers' are generated by this investments. Also covered are effects of policy intervention by governments on FDI flows and whether non-economic factors (e.g. cultural factors) might figure as determinants of location of FDI.

Author : Ziliang Deng
Publisher : Routledge
Page : 289 pages
File Size : 49,8 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781136672644

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Foreign Direct Investment in China by Ziliang Deng Pdf

This book provides an insightful exploration of whether foreign direct investment (FDI) can promote the productivity of domestic enterprises. The book is based on a series of dedicated research conducted in the context of the Chinese economy, which has been the largest FDI host among the developing economies since 1993. The main themes of this book are (a) based on the latest literature and first-hand research, outlining possible mechanisms through which foreign direct investment could promote the productivity of domestic enterprises; (b) developing a comprehensive research framework to quantify the spillover effects with cutting-edge methodology; (c) constructing a decision support system for evaluating FDI policy reforms with advanced computer simulation techniques; (d) evaluating the broader impact of FDI spillovers on banking system and trade pattern. The book examines topical economic issues in the contemporary world economy from innovative perspectives, namely, how the presence of multinational enterprises has been one of the most important microeconomic drivers for the Chinese economy, how foreign banks have helped to enable Chinese banking system survive the global financial crisis, and how the domestic enterprises have learned to do exports from multinational affiliates and have changed the landscape of U.S.-Asian trade. The book incorporates the latest development of economic theory as well as computational economics model.

Author : Klaus Liebscher
Publisher : Edward Elgar Publishing
Page : 289 pages
File Size : 48,5 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847208798

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Foreign Direct Investment in Europe by Klaus Liebscher Pdf

This book provides authoritative academic and professional insights into the effects of foreign direct investment (FDI) on home and host countries. It highlights global trends and patterns, and explores related policy challenges all with a special focus on the countries in Central, Eastern and South-Eastern Europe. The book cuts through the existing data fog by offering a wide range of up-to-date academic findings and institutional expertise. Those findings are rounded off with lessons to be learned from historical developments (Ireland s success story), an evaluation of current trends (the role of China) and an investment promotion agency policy for attracting sustainable investment (CzechInvest). Contributions made by central bank officials, institutional representatives, members of academia and professionals provide for a uniquely complementary view on FDI developments and their implications. At a time of big changes in the FDI landscape, this book offers both empirical and econometric evidence on foreign direct investment and will be of great interest to economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The special focus on FDI will attract those interested in, or directly involved in tackling the challenges of attracting sustainable investment or investing successfully abroad.

Author : Magnus Blomström,Steven Globerman,Ari Kokko
Publisher : Unknown
Page : 52 pages
File Size : 51,9 Mb
Release : 2000
Category : International business enterprises
ISBN : UVA:X006108729

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The Determinants of Host Country Spillovers from Foreign Direct Investment by Magnus Blomström,Steven Globerman,Ari Kokko Pdf

Author : Laura Alfaro,Areendam Chanda,Sebnem Kalemli-Ozcan,Selin Sayek
Publisher : International Monetary Fund
Page : 34 pages
File Size : 54,5 Mb
Release : 2003-09-01
Category : Business & Economics
ISBN : 9781451859485

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FDI Spillovers, Financial Markets, and Economic Development by Laura Alfaro,Areendam Chanda,Sebnem Kalemli-Ozcan,Selin Sayek Pdf

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.

Author : Sourafel Girma,Holger Görg
Publisher : Unknown
Page : 0 pages
File Size : 50,9 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1375168041

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Foreign Direct Investment, Spillovers and Absorptive Capacity by Sourafel Girma,Holger Görg Pdf

This paper focuses on the role of absorptive capacity in determining whether or not domestic establishments benefit from productivity spillovers from FDI. We analyse this issue using establishment level data for the electronics and engineering sectors in the UK. We distinguish the effect of FDI in the same sector and region from FDI in the same sector but outside the region. We also allow for different effects of FDI on establishments located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there is substantial heterogeneity in results across sectors and quantiles, our findings clearly suggest that both absorptive capacity and distance matter for productivity spillover benefits. We find evidence for a u-shaped relationship between absorptive capacity and productivity spillovers from FDI in the region, while there is an inverted u-shaped relationship for spillovers from FDI outside the region.