Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154874
Authors: 
Djankov, Simeon
Hoekman, Bernard Marco
Year of Publication: 
1998
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 16.1998
Abstract: 
Firm-level data for the Czech Republic during 1992-96 suggest that foreign investment has tended to flow to firms of above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth. This is surprising, given that there is a presumption that foreign investors should be transferring new technologies and knowledge to partner firms. Spillovers associated with a foreign investment presence in an industry are found to be negatively correlated with domestic firm performance, while imports are found to have a significant positive effect on TFP growth of such firms. We conclude that trade (imports) appears to have played an important role as a channel for improved performance of Czech enterprises.
Subjects: 
Czech Republic
Foreign investment
Technology transfer
JEL: 
D24
F14
O25
P31
Document Type: 
Working Paper

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