Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/153426 
Year of Publication: 
2009
Series/Report no.: 
ECB Working Paper No. 992
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity growth. Third, the impact of FDI on productivity critically depends on the absorptive capacity of recipient countries and industries. Fourth, there is important heterogeneity across countries, industries and time with respect to some of the main findings.
Subjects: 
absorptive capacity
FDI
Productivity convergence
JEL: 
C23
F21
O33
Document Type: 
Working Paper

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