Hanousek, Jan and Kocenda, Evzen and Maurel, Mathilde (2011) Direct and indirect effects of FDI in emerging European markets: A survey and meta-analysis. ECONOMIC SYSTEMS, 35 (3). pp. 301-322. ISSN 0939-3625,
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We review a large body of literature dealing with the effects of Foreign Direct Investment (FDI) on economies during their transformation from a command economic system toward a market system. We report the results of a meta-analysis based on the literature on externalities from FDI. The studies on emerging European markets covered in our survey report direct and indirect FDI effects weakening over time, similarly as in other FDI destination countries. This is imputable to a publication bias that is detected and to the fact that more sophisticated methods and more controls can be used once a sufficient time span is available. Panel studies are likely to find relatively lower spillover effects. The choice of the research design (definition of firm performance and foreign firm presence) matters. More specific to the sampled studies is the role played by forward and backward spillovers which dominate other channels in driving FDI externalities. (C) 2011 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | ; FDI; Productivity spillovers; Economic transformation; Emerging markets; Meta-analysis |
| Subjects: | 900 History & geography > 940 General history of Europe |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 02 Jun 2020 10:00 |
| Last Modified: | 02 Jun 2020 10:00 |
| URI: | https://pred.uni-regensburg.de/id/eprint/20340 |
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