Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/57296
Autoren: 
Herzer, Dierk
Datum: 
2010
Schriftenreihe/Nr.: 
IAI Discussion Papers No. 199
Zusammenfassung: 
This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that: (i) outward FDI has, on average, a positive long-run effect on total factor productivity in developing countries, (ii) increased factor productivity is both consequence and a cause of increased outward FDI, and (iii) there are large differences in the long-run effects of outward FDI on total factor productivity across countries. Cross-sectional regressions indicate that these cross-country differences in the productivity effects of outward FDI are significantly negatively related to cross-country differences in labor market regulation, whereas there is no statistically significant association between the productivity effects of outward FDI and the level of human capital, the level of financial development, or the degree of trade openness in the home country.
Schlagwörter: 
outward FDI
total factor productivity
developing countries
panel cointegration
JEL: 
F21
O11
F23
C23
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
555.49 kB





Publikationen in EconStor sind urheberrechtlich geschützt.