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The presence of foreign multinational enterprises (MNEs) should benefit local economies. In particular if MNEs are particularly productive compared to domestic firms they may promote learning and catch-up of local firms. Such channel of spillovers from MNEs to local firms is known as the Veblen...
Persistent link: https://www.econbiz.de/10010276891
This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that: (i) outward FDI has, on average, a positive long-run...
Persistent link: https://www.econbiz.de/10010281807
Foreign direct investment (FDI) projects are assumed to be accompanied by potential external effects - so-called FDI spillovers - which are supposed to affect productivity levels of other firms in a host country. Empirical results on this topic are inconclusive and most studies focus on one...
Persistent link: https://www.econbiz.de/10011918484
The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...
Persistent link: https://www.econbiz.de/10011606238
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
this gap. As part of the project, an extensive survey concerning management practices has been implemented for Finnish … manufacturing establishments. Its design meticulously follows the Management and Organizational Practices Survey (MOPS), a survey … practices have been recognised as the best in the world in studies that utilise a long-standing survey project called the World …
Persistent link: https://www.econbiz.de/10012037693
unique data set that combines detailed survey data on the management practices of German manufacturing establishments with …
Persistent link: https://www.econbiz.de/10011531736
The appearance of productivity-enhancing restructuring at the plant level (the socalled between and net entry effects) has contributed substantially to the acceleration of labour and total factor productivity growth in Finnish manufacturing in the period from the latter part of the 1980s up to...
Persistent link: https://www.econbiz.de/10010285179
Using panel data on European regions and applying Analysis of Covariance, our study provides an empirical assessment of the relative importance of national, regional and spatial factors for explaining variations of productivity. Our analysis shows that initial economic conditions or...
Persistent link: https://www.econbiz.de/10010260705
Empirical work on regional growth under spatial spillovers uses two workhorse models: the spatial Solow model and Verdoorn's model. This paper contrasts these two views on regional growth processes and demonstrates that in a spatial setting the speed of convergence is heterogenous in both...
Persistent link: https://www.econbiz.de/10010293378