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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
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:
It is part of: International Review of Economics & Finance, 2020, vol. 70, p. 257-272
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ISSN: 1059-0560
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

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