Foreign Direct Investment and mark-up dynamics: Evidence from Spanish firms

被引：26
|
作者：
Sembenelli, Alessandro [2 ,3 ]
Siotis, Georges [1 ]
机构：
[1] Univ Carlos III Madrid, Dept Econ, Madrid 28903, Spain
[2] Univ Turin, Fac Econ, Dipartimento Sci Econ & Finanziarie, I-10134 Turin, Italy
[3] Coll Carlo Alberto, Moncalieri, Italy
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 2008年 / 76卷 / 01期
关键词：
Foreign Direct Investment; technology transfer; spillovers; efficiency; competition; panel data; GMM;
D O I：
10.1016/j.jinteco.2008.05.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A review of the literature indicates that Foreign Direct Investment has the potential to increase the intensity of competition and to act as a channel for technology transfers. Using a Spanish firm level data set, we disentangle these effects by estimating a dynamic model of firm level performance, which we proxy by mark-ups. We find that FDI has a positive long-run effect on the mark-ups of targets, but this is limited to firms in R&D intensive sectors. In addition, we find weak evidence that foreign presence dampens margins. However, this effect appears to be more than compensated by positive spillovers in the case of knowledge intensive industries. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码：107 / 115
页数：9
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