Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/128665 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
WIFO Working Papers No. 109
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
Foreign Direct Investment (FDI) is not only a transfer of capital, but a complex bundle of capital and firm-specific assets like production and management know-how. In particular, the transfer of production know-how improves overall productivity of FDI-receiving firms and to some extent also that of the other firms due to spillovers. From a host country's point of view this kind of productivity improvement forms an important contribution to overall growth. The present note uses a small panel of Austrian manufacturing sectors and investigates this hypothesis empirically. Using a fiexible CES-framework we indeed find significant productivity improving effects of inward FDL Furthermore, there is some evidence that FDI induces labor-augmenting productivity effects. Thus, the job creation potential of FDI highlighted in previous studies is likely to be overestimated.
Schlagwörter: 
labor productivity
foreign direct investment
panel econometrics
JEL: 
C33
D24
F21
F23
Dokumentart: 
Working Paper

Datei(en):
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