Spatial effects of foreign direct investment in US states

被引：25
|
作者：
Bode, Eckhardt [1 ]
Nunnenkamp, Peter [1 ]
Waldkirch, Andreas [2 ]
机构：
[1] Kiel Inst World Econ, Kiel, Germany
[2] Colby Coll, Waterville, ME 04901 USA
来源：
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2012年 / 45卷 / 01期
关键词：
C31; F21; F23; ECONOMIC-GROWTH; PRODUCTIVITY SPILLOVERS; PANEL-DATA; AGGLOMERATION; LOCATION; FDI; TRADE; TESTS;
D O I：
10.1111/j.1540-5982.2011.01685.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investment (FDI) in US states, controlling for Marshallian externalities and other spatial spillovers generated by domestic firms. A regional production function framework models externalities and other spatial spillovers explicitly as determinants of total factor productivity. We employ a system generalized method of moments (GMM) estimator to account for the potential endogeneity of FDI and the presence of spatial lags. Using data for US states from 19772003, the results indicate that FDI generates positive externalities, while externalities from domestic firms are negative.
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页码：16 / 40
页数：25
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