Foreign direct investment in services and manufacturing productivity: Evidence for Chile

• 成果类型: Article
• 署名作者: Fernandes, Ana M.; Paunov, Caroline
• 署名单位: The World Bank; Organisation for Economic Co-operation & Development (OECD)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2011.02.004
• 发表日期: 2012
• 页码: 305-321
• 关键词: total factor productivity; Service liberalization; Foreign direct investment; chile; firm heterogeneity

摘要

This paper examines the impact of substantial foreign direct investment (FDI) inflows in producer service sectors on the total factor productivity (TFP) of Chilean manufacturing firms. Positive effects are obtained in firm fixed effects instrumental variables regressions and show that forward linkages from FDI in services explain 7% of the observed increase in Chile's manufacturing users' TFP. Our findings also suggest that service FDI fosters innovation activities in manufacturing. Moreover, we show that service FDI offers opportunities for laggard firms to catch up with industry leaders. (C) 2011 Elsevier B.V. All rights reserved.