|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/28362
|
| | |
| Title: | | Spatial effects of foreign direct investment in US states  |
| Authors: | | Bode, Eckhardt Nunnenkamp, Peter Waldkirch, Andreas |
| Issue Date: | | 2009 |
| Citation: | | [Series:] Kiel working paper [No.:] 1535 [Editor:] Kiel Inst. for the World Economy, Kiel |
| Series/Report no.: | | Kiel working paper 1535 |
| Abstract: | | This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these externalities may, if not accounted for appropriately, be falsely attributed to FDI. This paper also deals with the potential endogeneity of FDI and the presence of spatial lags by employing a system generalized method of moments (GMM) estimator. We use a regional production function framework that models Marshallian externalities and other intra- and inter-regional spillovers explicitly as determinants of total factor productivity, and tests several empirical specifications of this model, using data for US states from 19772003. The results indicate that FDI does, in fact, generate positive externalities, while those from domestic firms are negative. |
| Subjects: | | Foreign Direct Investment US States Spatial Econometrics Marshallian Externalities |
| JEL: | | C31 F21 F23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW Economists Online
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/28362
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|