Linking FDI motivation and host economy productivity effects: conceptual and empirical analysis

• 成果类型: Article
• 署名作者: Driffield, Nigel; Love, James H.
• 署名单位: Aston University
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400268
• 发表日期: 2007
• 页码: 460-473
• 关键词: FDI motivation; PRODUCTIVITY SPILLOVERS; TECHNOLOGY

摘要

We develop a taxonomy that relates foreign direct investment (FDI) motivation (technology- and cost-based) to its anticipated effects on host countries' domestic productivity. We then empirically examine the effects of FDI into the United Kingdom on domestic productivity, and find that different types of FDI have markedly different productivity spillover effects, which are consistent with the conceptual analysis. The UK gains substantially only from inward FDI motivated by a strong technology-based ownership advantage. As theory predicts, inward FDI motivated by technology-sourcing considerations leads to no productivity spillovers.