Absorptive Capabilities, FDI, and Economic Growth in Transition Economies

Autor:	Sabina Silajdzic, Eldin Mehic
Rok vydání:	2015
Předmět:	050208 finance media_common.quotation_subject 05 social sciences Foreign direct investment Economy Absorptive capacity 0502 economics and business Economics Quality (business) Endogeneity 050207 economics General Economics Econometrics and Finance Finance media_common
Zdroj:	Emerging Markets Finance and Trade. 52:904-922
ISSN:	1558-0938 1540-496X
DOI:	10.1080/1540496x.2015.1056000
Popis:	This article advances the literature on economic growth and Foreign Direct Investments (FDI) in transition economies by incorporating data on “absorbtive capabilities” of the host economy including R&D indicators and by enhancing the quality of data on FDI. We explore whether countries with accumulated technological and innovative capabilities gain significantly more from FDI. We find that FDI exerts an exogenous positive impact on economic growth, while FDI tends to have a larger impact on economic growth when there is sufficient absorptive capacity and when occurring in technologically more advanced transition economies. The results are robust to different specifications and consideration of endogeneity.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ebfa804f180f530acf47b370db44ce59 https://doi.org/10.1080/1540496x.2015.1056000 Zobrazit plný text záznamu