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Foreign Direct Investment, Competition and Industry Performance

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Foreign Direct Investment, Competition and Industry Performance. / Bitzer, Jürgen; Görg, Holger.

In: World Economy, Vol. 32, No. 2, 2009, p. 221-233.

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Bitzer, Jürgen ; Görg, Holger. / Foreign Direct Investment, Competition and Industry Performance. In: World Economy. 2009 ; Vol. 32, No. 2. pp. 221-233.

Bibtex

@article{933665d0efad11de8a20000ea68e967b,
title = "Foreign Direct Investment, Competition and Industry Performance",
abstract = "This paper investigates the productivity effects of inward and outward foreign direct investment using industry- and country-level data for 17 OECD countries over the period 1973 to 2001. Controlling for national and international knowledge spillovers we argue that the effects of FDI work through direct compositional effects as well as changing competition in the host country. Our results show that there are, on average, productivity benefits from inward FDI, although we can identify a number of countries which, on aggregate, do not appear to benefit in terms of productivity. On the other hand, a country's stock of outward FDI is, on average, negatively related to productivity. However, again there is substantial heterogeneity in the effect across OECD countries.",
author = "J{\"u}rgen Bitzer and Holger G{\"o}rg",
year = "2009",
doi = "10.1111/j.1467-9701.2008.01152.x",
language = "English",
volume = "32",
pages = "221--233",
journal = "World Economy",
issn = "0378-5920",
publisher = "Wiley-Blackwell Publishing Ltd.",
number = "2",

}

RIS

TY - JOUR

T1 - Foreign Direct Investment, Competition and Industry Performance

AU - Bitzer, Jürgen

AU - Görg, Holger

PY - 2009

Y1 - 2009

N2 - This paper investigates the productivity effects of inward and outward foreign direct investment using industry- and country-level data for 17 OECD countries over the period 1973 to 2001. Controlling for national and international knowledge spillovers we argue that the effects of FDI work through direct compositional effects as well as changing competition in the host country. Our results show that there are, on average, productivity benefits from inward FDI, although we can identify a number of countries which, on aggregate, do not appear to benefit in terms of productivity. On the other hand, a country's stock of outward FDI is, on average, negatively related to productivity. However, again there is substantial heterogeneity in the effect across OECD countries.

AB - This paper investigates the productivity effects of inward and outward foreign direct investment using industry- and country-level data for 17 OECD countries over the period 1973 to 2001. Controlling for national and international knowledge spillovers we argue that the effects of FDI work through direct compositional effects as well as changing competition in the host country. Our results show that there are, on average, productivity benefits from inward FDI, although we can identify a number of countries which, on aggregate, do not appear to benefit in terms of productivity. On the other hand, a country's stock of outward FDI is, on average, negatively related to productivity. However, again there is substantial heterogeneity in the effect across OECD countries.

U2 - 10.1111/j.1467-9701.2008.01152.x

DO - 10.1111/j.1467-9701.2008.01152.x

M3 - Journal article

VL - 32

SP - 221

EP - 233

JO - World Economy

JF - World Economy

SN - 0378-5920

IS - 2

ER -