Open AccessImport and FDI as channels of international TFP spillovers
Author(s) -
Jacek Pietrucha,
Rafał Żelazny,
Magdalena Kozłowska,
Oliwia Sojka
Publication year - 2018
Publication title -
equilibrium
Language(s) - English
Resource type - Journals
eISSN - 2353-3293
pISSN - 1689-765X
DOI - 10.24136/eq.2018.003
Subject(s) - foreign direct investment , absorptive capacity , total factor productivity , international economics , economics , international trade , panel data , value (mathematics) , technology transfer , productivity , monetary economics , industrial organization , econometrics , macroeconomics , machine learning , computer science
Research background: In existing studies two main channels of international technology spillovers are extensively discussed — trade and FDI. Nevertheless empirical studies give mixed results regards the nature and extent of trade and FDI spillovers.
Purpose of the article: The aim of the article is to study import and foreign direct investments (FDI) as channels of international TFP spillovers.
Methods: We employ dynamic spatial autoregression (SAR) methods. Our panel comprises data for 41 developed and upper mid-developed countries over the period 1995–2014.
Findings & Value added: Our preliminary results show that (1) the trade and investment channels are both important for technology transfer, (2) the degree of their significance depends on the absorptive capacity such as good quality of the institutions.