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| Author: | Dimelis, S. Louri, H. |
| Title: | Foreign direct investment and technology spillovers: which firms really benefit? |
| Journal: | Review of World Economics
2004 : VOl. 140:2, p. 230-253 |
| Index terms: | Foreign investment Manufacturing Multinational companies Productivity Greece |
| Freeterms: | Spillovers |
| Language: | eng |
| Abstract: | Foreign direct investment is thought to contribute to host economies by increasing their efficiency either directly or through technology diffusion. Such efficiency benefits are neither equally produced by foreign companies nor equally distributed to all domestic companies. This study addresses a question that is related to how differentiated such effects are depending on size and degree of (foreign) ownership. Based on a sample of 3742 manufacturing companies operating in Greece in 1997, this study finds that, while it is large, majority-held foreign companies that exhibit higher productivity, spillovers are important for small domestic companies and stem mostly from small joint ventures where the foreign partner owns a minor part of equity. |
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