Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece,Ireland, and Spain |
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Authors: | Salvador?Barrios Sophia?Dimelis Helen?Louri Email author" target="_blank">Eric?StroblEmail author |
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Institution: | (1) CORE, Université Catholique de Louvain, 34 Voie du Roman Pays, 1348 Louvain-La-Neuve, Belgium;(2) Athens School of Economics and Business, Athens, Greece |
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Abstract: | Despite a growing number of empirical studies on efficiency spillovers arising from the presence of multinational firms for
a number of countries, general conclusions on this issue have been inhibited by differences in the data sets and estimation
techniques used across studies. In this paper we conduct a comparative empirical study for Greece, Ireland and Spain by creating
comparable data sets and estimating identical models. Our results show evidence of spillovers in Ireland and Spain only, although
these positive spillovers seem to depend on whether firms have the absorptive capacity to capture technological spillovers
and the criteria used to classify them as foreign affiliates. JEL no. F23, O30 |
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Keywords: | FDI multinationals productivity spillovers |
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