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Effets spatiaux de l’investissement direct en provenance de l’étranger dans les états américains .
Author(s) -
Bode Eckhardt,
Nunnenkamp Peter,
Waldkirch Andreas
Publication year - 2012
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2011.01685.x
Subject(s) - externality , endogeneity , foreign direct investment , economics , productivity , investment (military) , production (economics) , spatial dependence , production function , spatial econometrics , econometrics , economic geography , microeconomics , macroeconomics , statistics , mathematics , politics , political science , law
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investment (FDI) in US states, controlling for Marshallian externalities and other spatial spillovers generated by domestic firms. A regional production function framework models externalities and other spatial spillovers explicitly as determinants of total factor productivity. We employ a system generalized method of moments (GMM) estimator to account for the potential endogeneity of FDI and the presence of spatial lags. Using data for US states from 1977–2003, the results indicate that FDI generates positive externalities, while externalities from domestic firms are negative.