Foreign Direct Investment Spillovers and the Absorptive Capabilities of Domestic Firms in the Argentine Manufacturing Sector (1992–2001)
研究了1990年代阿根廷外国直接投资对国内企业生产率的影响,发现只有高吸收能力的企业才从外资存在中获得正向溢出。
Abstract Argentina received significant amounts of foreign direct investment inflows during the 1990s. This paper analyses whether positive (or negative) productivity spillovers arose from the increasing presence of transnational corporations (TNCs) affiliates in Argentina. We found that TNCs affiliates had higher productivity levels than domestic firms and that the latter, on average, received neither positive nor negative horizontal spillovers from the growing presence of foreign firms in the local economy. However, evidence of positive spillovers from TNC presence on domestic firms was found for those firms with high absorptive capabilities.