publication . Article . 2003

Technology gaps, absorptive capacity and the impact of inward investments on productivity of European firms *

Davide Castellani; Antonello Zanfei;
  • Published: 01 Jan 2003 Journal: Economics of Innovation and New Technology, volume 12, pages 1-1 (issn: 1043-8599, Copyright policy)
  • Publisher: Informa UK Limited
Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993-1997 period, this paper examines the impact of foreign presence on the productivity of domestic enterprises. We find positive and significant externalities on Italian firms and negative or non-significant effects on Spanish and French firms. A generalisation of the results obtained for individual countries is attempted by introducing two key variables in the analysis of the impact of inward investments on domestic performances: productivity gaps between foreign and domestic firms, and absorptive capacity of domestic firms. It is shown that high gaps t...
free text keywords: Management of Technology and Innovation, General Economics, Econometrics and Finance, Externality, Total factor productivity, Domestic technology, Economics, Manufacturing, business.industry, business, Microeconomics, Absorptive capacity, Foreign direct investment
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