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FDI and productivity convergence in Central and Eastern Europe: an industry-level investigation
[journal article]
Abstract This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in Central and Eastern Europe, using a new and harmonized industry-level data set. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the i... view more
This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in Central and Eastern Europe, using a new and harmonized industry-level data set. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity growth. Third, the impact of FDI on productivity critically depends on the absorptive capacity of recipient countries and industries. Fourth, there is important heterogeneity across countries, industries and time with respect to some of the main findings.... view less
Keywords
productivity; foreign investment; international comparison; Eastern Europe
Classification
Political Economy
Free Keywords
Productivity convergence; FDI; Transition economies; Absorptive capacity; Panel data; JEL Classification: C23; F21; O33
Document language
English
Publication Year
2010
Page/Pages
p. 689-712
Journal
Review of World Economics, 145 (2010) 4
DOI
https://doi.org/10.1007/s10290-009-0036-z
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)