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Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?

Author

Listed:
  • Görg, Holger

    (Kiel Institute for the World Economy)

  • Greenaway, David

    (University of Nottingham)

Abstract
Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by reviewing possible sources of FDI induced spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is, at best, mixed. The reasons for this are explored and the paper concludes with a review of policy aspects.

Suggested Citation

  • Görg, Holger & Greenaway, David, 2003. "Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?," IZA Discussion Papers 944, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp944
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    Keywords

    foreign direct investment; multinationals; spillovers; productivity; wages; exports;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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