Direct and Indirect Effects of FDI in Emerging European Markets: A Survey and Meta-analysis

Jan Hanousek, Evžen Kočenda and Mathilde Maurel

No wp976, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: 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 linkages, which dominate other channels in driving FDI externalities.

Keywords: FDI; productivity spillovers; economic transformation; emerging markets; meta-analysis (search for similar items in EconPapers)
JEL-codes: C42 D62 F21 F23 O3 (search for similar items in EconPapers)
Pages: pages
Date: 2010-03-01
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Direct and indirect effects of FDI in emerging European markets: A survey and meta-analysis (2011)
Working Paper: Direct and Indirect Effects of FDI in Emerging European markets: A Survey and Meta-analysis (2011)
Working Paper: Direct and Indirect Effects of FDI in Emerging European markets: A Survey and Meta-analysis (2011)
Working Paper: Direct and indirect effects of FDI in emerging European markets: a survey and meta-analysis (2010)
Working Paper: Direct and indirect effects of FDI in emerging European markets: a survey and meta-analysis (2010)
Working Paper: Direct and indirect effects of FDI in emerging European markets: a survey and meta-analysis (2010)
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