Foreign direct investment and technical progress in Spanish manufacturing

被引：11
|
作者：
Rosell-Martinez, J. [1 ,2 ]
Sanchez-Sellero, P. [2 ]
机构：
[1] Acad Gen Militar, Ctr Univ Def Zaragoza, Zaragoza 50090, Spain
[2] Univ Zaragoza, Zaragoza 50018, Spain
来源：
APPLIED ECONOMICS | 2012年 / 44卷 / 19期
关键词：
knowledge and productivity; foreign direct investment; capital intensity; R&D intensity; RESEARCH-AND-DEVELOPMENT; ECONOMIC-GROWTH; KNOWLEDGE SPILLOVERS; TECHNOLOGY-TRANSFER; PANEL-DATA; MULTINATIONAL FIRMS; PRODUCTIVITY GROWTH; DOMESTIC FIRMS; FDI; TRADE;
D O I：
10.1080/00036846.2011.564155
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article analyses the effects of Foreign Direct Investment (FDI) on technical progress in Spanish manufacturing. Particularly, we study how FDI's contributions vary depending on the economic structure of the industry. The results show that most FDI goes to capital-intensive sectors, especially when those sectors are also Research and Development (R&D)-intensive. Our estimates of the Solow residual show that the positive effect of contemporaneous and lagged FDI on manufacturing productivity is only attributable to capital and R&D intensive industries in what seems to be related to a dynamic capabilities explanation or to complementarities with R&D expenditures.
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页码：2473 / 2489
页数：17
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