Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100082
Authors: 
Ashraf, Ayesha
Herzer, Dierk
Nunnenkamp, Peter
Year of Publication: 
2014
Series/Report no.: 
Kiel Working Paper 1941
Abstract: 
We examine and compare the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from 2003 to 2011, we find that greenfield FDI has no statistically significant effect on TFP while M&As have a positive effect on TFP in the total sample. Greenfield FDI and M&As both appear to be ineffective in increasing TFP in the sub-sample of developing countries. In contrast, M&As have a strong and positive effect on TFP in the sub-sample of developed countries.
Subjects: 
greenfield FDI
cross-border mergers and acquisitions
total factor productivity
JEL: 
F21
F23
O47
Document Type: 
Working Paper

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