Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/2826 
Year of Publication: 
2002
Series/Report no.: 
CEPR Discussion Paper Series No. 3485
Publisher: 
Centre for Economic Policy Research (CEPR), London
Abstract: 
Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This Paper begins by reviewing possible sources of 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 hard to find. The reasons for this are explored and the Paper concludes with a review of policy aspects.
JEL: 
F21
F23
Document Type: 
Working Paper

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