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| Author: | Barrios, S. (et al.) |
| Title: | Efficiency spillovers from foreign direct investment in the EU periphery: a comparative study of Greece, Ireland, and Spain |
| Journal: | Review of World Economics
2004 : VOL. 140:4, p. 688-705 |
| Index terms: | Foreign investment Multinational companies Productivity Greece Irish Republic Spain |
| Language: | eng |
| Abstract: | Despite the growing number of empirical studies on efficiency spillovers arising from the presence of multinational companies 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 article, a comparative empirical study in conducted for Greece, Ireland and Spain by creating comparable data sets and estimating identical models. The findings show evidence of spillovers in Ireland and Spain only, although these positive spillovers seem to depend on whether companies have the absorptive capacity to capture technological spillovers and the criteria used to classify them as foreign affiliates. |
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