Multinational Corporations and Spillovers

Blomström, Magnus; Kokko, Ari

doi:10.1057/9780230598614_8

Cited by 443 publications

(673 citation statements)

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“…Hence, it is not surprising that the importance of backward or forward linkages between multinational companies and domestic suppliers and/or customers has also been emphasised in the literature on externalities. Blomström and Kokko (1998) in their review of the literature on productivity spillovers point out that "local firms may be able to improve their productivity as a result of forward or backward linkages with MNC affiliates" (p. 248).…”

Section: Linkagesmentioning

confidence: 99%

“…This entry causes the third effect, namely a fall in the price of intermediates which favours customer firms through lower input prices. Customer firms can be both domestic or multinational final good producing 7 Technological externalities can also benefit indigenous firms' export performance (see Aitken et al, 1997, Barrios et al, 2003, which Blomström and Kokko (1998) refer to as "market access spillovers". A further way of looking at technological externalities leading to spillovers from foreign firms is by examining R&D spillovers (Bernstein, 1988 for Canada andWakelin, 2001 for the UK) and their effects on indigenous firms.…”

Section: Plant Entrymentioning

confidence: 99%

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Foreign Direct Investment and Local Economic Development: Beyond Productivity Spillovers

Görg

Strobl

2004

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

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Section: Linkagesmentioning

confidence: 99%

Section: Plant Entrymentioning

confidence: 99%

Foreign Direct Investment and Local Economic Development: Beyond Productivity Spillovers

Görg

Strobl

2004

SSRN Journal

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“…3 See Blomström and Kokko (1998) for a literature review on the externalities associated with FDI and Aitken and Harrison (1999) for firm-level evidence of the positive impact of FDI on foreign-owned operations.…”

Section: Introductionmentioning

confidence: 99%

Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets

Li¹,

Nguyễn²,

Pham³

et al. 2011

J. Financ. Quant. Anal.

141

110

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This study constructs a firm-level measure of large foreign ownership (LFO) and investigates its impact on stock return volatility in 31 emerging markets. We find a negative relationship between LFO and volatility, even after controlling for potential endogeneity and the impact of major domestic shareholders. This suggests a stabilizing role of LFO in emerging markets, which is consistent with previous suggestions in the literature on the strong commitments and potential monitoring role of large foreign shareholders. Overall, our study highlights the importance of recognizing the heterogeneity among foreign investors and the benefits of large foreign shareholders to emerging stock markets.

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“…Inward FDI is associated with the introduction of additional capital and new production and managerial skills that have a direct effect on productive efficiency. FDI also provides indirect effects by knowledge diffusion [Blomstrom and Kokko, 1998]. It is sometimes suggested that the most significant channels for the dissemination of modern technology are external effects or "spillovers" from FDI, rather than formal technology transfer agreements [see for example, Mansfield and Romeo, 1980;Blomstrom, 1989].…”

Section: Introductionmentioning

confidence: 99%

The impact of foreign direct investment on labour productivity in the Chinese electronics industry

Liu

Parker

Vaidya

et al. 2001

International Business Review

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Foreign direct investment (FDI) may have a positive impact on labour productivity in recipient industries through direct introduction of capital, technology and management skills and indirectly through spillover effects on domestic firms. This study uses a model intended to examine the overall effects of inward FDI in the Chinese electronics industry. A panel data set is used for 41 sub-sectors of the industry in 1996 and 1997 having differing levels of FDI. Labour productivity is modelled as dependent on the degree of foreign presence in the industry and other variables, namely capital intensity, human capital and firm size for scale factors. Various econometric estimation techniques for panel data are compared to obtain an appropriate statistical model. The results suggest that foreign presence in the industry was associated with higher labour productivity.

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Multinational Corporations and Spillovers

Cited by 443 publications

References 0 publications

Foreign Direct Investment and Local Economic Development: Beyond Productivity Spillovers

Foreign Direct Investment and Local Economic Development: Beyond Productivity Spillovers

Large Foreign Ownership and Firm-Level Stock Return Volatility in Emerging Markets

The impact of foreign direct investment on labour productivity in the Chinese electronics industry

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