Trade regimes and spillover effects of FDI: Evidence from Uruguay

Kokko, Ari; Zeján, Mario; Tansini, Rubén

doi:10.1007/bf02707603

Cited by 195 publications

(131 citation statements)

References 24 publications

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“…Strong positive effects of this kind have been previously found for Mexico (Aitken et al 1997), for Uruguay (Kokko et al 2001) and the United Kingdom Kneller and Pisu 2007). 11 Positive spillovers from FDI have not been found in all contexts, however.…”

Section: Foreign Presence and The Destination Of Salesmentioning

confidence: 65%

Demonstration or congestion? Export spillovers in Sweden

Karpaty

Kneller

2010

Rev World Econ

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Section: Foreign Presence and The Destination Of Salesmentioning

confidence: 65%

Demonstration or congestion? Export spillovers in Sweden

Karpaty

Kneller

2010

Rev World Econ

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“…The empirical literature of trade liberalization impact on economic growth and FDI spillovers also shows mixed results. For instance, while Goldar and Kumari [49] implied that after liberalization, the productivity of Indian industry, has improved; Kokko et al [50] could not find positive significant effects of trade liberalization on Uruguay firms after 1973. Carkovic and Levine [24] also couldn't find a similar effect for trade liberalization variables entered in all their models.…”

Section: Trade Liberalizationmentioning

confidence: 98%

Is FDI Spillover Conditioned on Financial Development and Trade Liberalization: Evidence from UMCs

Nobakht¹,

Madani²

2014

JBMS

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Developing countries take Foreign Direct Investment (FDI) as leverage for economic growth and development as a result of FDI technology spillovers. However, the effect of FDI inflows on economic growth of host countries is conditional on the abilities of those countries in absorbing and accumulating external knowledge. The related literature paid particular attention to the role of the financial system and trade liberalization of recipients. Thus, this paper investigated empirically the intermediary roles of the financial system and trade liberalization as Absorptive Capacity (AC) factors on the FDI led growth nexus. This study provided data evidence from 33 UpperMiddle-income Countries (UMCs) over the period of 1990-2011 to contribute to the existing literature. This empirical study employed the dynamic panel "difference" GMM estimator proposed by Arellano and Bond (1991); since it prevents the biases inherent to economic growth models including auto-correlation, unobserved heterogeneity, and endogeneity between explanatory variables. The results indicated the development of the domestic financial system facilitated FDI technology spillovers in order to enhance the economic growth of UMCs. However, the empirical findings also showed a negative effect of trade openness on stimulating the FDI spillovers.

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“…Thus domestic firms learn from multinationals to increase their exports to other developed countries which are generally markets with a superior technological capability. Kokko et al (2001) investigate the decision to export by domestic firms in Uruguay using cross-sectional firm level data for 1998. They include only a simple measure of MNE presence (not export activity) in terms of the output share of MNEs in an industry and it is, thus, not clear which channel leads to spillovers.…”

mentioning

confidence: 99%

Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?

Görg¹,

Greenaway²

2016

World Scientific Studies in International Economics

177

214

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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. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent, nonprofit limited liability company (Gesellschaft mit beschränkter Haftung) supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its research networks, research support, and visitors and doctoral programs. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. The current research program deals with (1) mobility and flexibility of labor, (2) internationalization of labor markets, (3) welfare state and labor market, (4) labor markets in transition countries, (5) the future of labor, (6) evaluation of labor market policies and projects and (7) general labor economics. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion.Citation of such a paper should account for its provisional character. A revised version may be available on the IZA website (www.iza.org) or directly from the author. Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by reviewing possible sources of FDI induced spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is, at best, mixed. The reasons for this are explored and the paper concludes with a review of policy aspects.JEL Classification: F21, F23

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Trade regimes and spillover effects of FDI: Evidence from Uruguay

Abstract: F23, F13, O3,

Cited by 195 publications

References 24 publications

Demonstration or congestion? Export spillovers in Sweden

Demonstration or congestion? Export spillovers in Sweden

Is FDI Spillover Conditioned on Financial Development and Trade Liberalization: Evidence from UMCs

Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?

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