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Title: | FDI productivity spillovers and absorptive capacity in Brazilian firms: A threshold regression analysis |
Author: | Moralles, Herick Moreno Serrano, Rosina |
Keywords: | Inversions estrangeres Anàlisi de regressió Empreses Amèrica Llatina Foreign investments Regression analysis Business enterprises Latin America |
Issue Date: | Nov-2020 |
Publisher: | Elsevier |
Abstract: | Literature points out that foreign direct investment (FDI) brings firm-level productivity spillovers. However, few studies have been conducted in Latin-American economies. By using a unique Brazilian county-level FDI database, this paper explores whether the effect of the amount of FDI at the county level on firms' productivity growth depends on certain minimum levels of local companies' absorptive capacity. To do it, we use a threshold regression model, a formulation that appears to be robust to assess the specificities of developing economies. Results indicate that when FDI is set as the threshold and regime-dependent variable, Brazilian firms may suffer from negative productivity spillovers. However, local firms may collect positive spillovers if they are endowed with high absorptive capacity. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1016/j.iref.2020.07.005 |
It is part of: | International Review of Economics & Finance, 2020, vol. 70, p. 257-272 |
URI: | http://hdl.handle.net/2445/174952 |
Related resource: | https://doi.org/10.1016/j.iref.2020.07.005 |
ISSN: | 1059-0560 |
Appears in Collections: | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) |
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