Learning or leaning: persistent and transitory growth spillovers from FDI

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Learning or leaning: persistent and transitory growth spillovers from FDI. / Davies, Ronald B.; Lamla, Michael J.; Schiffbauer, Marc.
Washington: The World Bank, 2016. (Policy Research Working Paper; Nr. 7591).

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Harvard

Davies, RB, Lamla, MJ & Schiffbauer, M 2016 'Learning or leaning: persistent and transitory growth spillovers from FDI' Policy Research Working Paper, Nr. 7591, The World Bank, Washington. <http://documents.worldbank.org/curated/en/555291468197070835/pdf/WPS7591.pdf>

APA

Vancouver

Davies RB, Lamla MJ, Schiffbauer M. Learning or leaning: persistent and transitory growth spillovers from FDI. Washington: The World Bank. 2016. (Policy Research Working Paper; 7591).

Bibtex

@techreport{c90b101cbd6745288a964219a8128dcd,
title = "Learning or leaning: persistent and transitory growth spillovers from FDI",
abstract = "Using firm-level data for Jordan, the paper estimates the extent to which growth spillovers from foreign direct investment (FDI) to local firms stem from persistent learning externalities (i.e., they endure even after foreign investment leaves as knowledge has been transferred to local firms) or from transitory effects (e.g., demand increases that evaporate following disinvestment). The paper find that spillovers have a significant transitory nature, with employment and capital growth declining when FDI falls, particularly in downstream industries supplied by locals. This suggests that if FDI-attracting policies are intended to promote sustainable growth, it may be more effective to attract and retain FDI via long-term structural policies, for instance, through low corporate tax rates rather than temporary tax holidays or through policies that strengthen the domestic absorptive capacity and linkages between foreign and local firms.",
keywords = "Economics, FDI, Spillovers",
author = "Davies, {Ronald B.} and Lamla, {Michael J.} and Marc Schiffbauer",
year = "2016",
language = "English",
series = "Policy Research Working Paper",
publisher = "The World Bank",
number = "7591",
address = "United States",
type = "WorkingPaper",
institution = "The World Bank",

}

RIS

TY - UNPB

T1 - Learning or leaning

T2 - persistent and transitory growth spillovers from FDI

AU - Davies, Ronald B.

AU - Lamla, Michael J.

AU - Schiffbauer, Marc

PY - 2016

Y1 - 2016

N2 - Using firm-level data for Jordan, the paper estimates the extent to which growth spillovers from foreign direct investment (FDI) to local firms stem from persistent learning externalities (i.e., they endure even after foreign investment leaves as knowledge has been transferred to local firms) or from transitory effects (e.g., demand increases that evaporate following disinvestment). The paper find that spillovers have a significant transitory nature, with employment and capital growth declining when FDI falls, particularly in downstream industries supplied by locals. This suggests that if FDI-attracting policies are intended to promote sustainable growth, it may be more effective to attract and retain FDI via long-term structural policies, for instance, through low corporate tax rates rather than temporary tax holidays or through policies that strengthen the domestic absorptive capacity and linkages between foreign and local firms.

AB - Using firm-level data for Jordan, the paper estimates the extent to which growth spillovers from foreign direct investment (FDI) to local firms stem from persistent learning externalities (i.e., they endure even after foreign investment leaves as knowledge has been transferred to local firms) or from transitory effects (e.g., demand increases that evaporate following disinvestment). The paper find that spillovers have a significant transitory nature, with employment and capital growth declining when FDI falls, particularly in downstream industries supplied by locals. This suggests that if FDI-attracting policies are intended to promote sustainable growth, it may be more effective to attract and retain FDI via long-term structural policies, for instance, through low corporate tax rates rather than temporary tax holidays or through policies that strengthen the domestic absorptive capacity and linkages between foreign and local firms.

KW - Economics

KW - FDI

KW - Spillovers

M3 - Working papers

T3 - Policy Research Working Paper

BT - Learning or leaning

PB - The World Bank

CY - Washington

ER -

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