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Abstract

This study analyzes the effects on productivity from foreign direct investment in the Greek economy. Specifically we investigate both direct productivity effects as well as effects on productivity through technological spillovers. By utilizing an unbalanced firm level dataset of 16780 firms for the years 2002-2006 we find some interesting results. Namely, majority-held foreign firms are more productive than domestic multinational enterprises, while minority-held foreign firms are not. Significant spillover effects exist but they are only evident in our sample that consists of small firms (with less than 50 employees). Moreover, the spillover effects are significant for firms of intermediate productivity levels.

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Bibliographic Info

Article provided by Bank of Greece, Economic Research Department in its journal Economic Bulletin.

Volume (Year): (2008)
Issue (Month): 31 (November)
Pages: 31-48

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Handle: RePEc:bog:econbl:y:2008:i:31:p:31-48

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Related research

Keywords: FDI; Greece; technological spillovers;

Find related papers by JEL classification:

• F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
• L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

References

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Citations

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Cited by:

1. Hiona Balfoussia & Heather Gibson, 2010. "Inflation and Nominal Uncertainty: the case of Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 33, pages 63-78, May.
2. Vassilis Th. Rapanoss & Georgia Kaplanoglou, 2010. "Independent Fiscal Councils and Their Possible Role in Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 33, pages 7-20, May.
3. Petros M Migiakis, 2010. "Determinants of the Greek stock-bond correlation," Economic Bulletin, Bank of Greece, Economic Research Department, issue 33, pages 79-90, May.
4. Theodore Mitrakos & Panos Tsakloglou & Ioannis Cholezas, 2010. "Determining factors of youth unemployment in Greece with emphasis on tertiary education graduates," Economic Bulletin, Bank of Greece, Economic Research Department, issue 33, pages 21-62, May.
5. Nikos G. Zonzilos & Zacharias G. Bragoudakis & Georgia I. Pavlou, 2009. "An analysis of the reliability of first (flash) quarterly national account data releases for Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 39-51, May.
6. Theodoros M. Mitrakos & George T. Simigiannis, 2009. "The determinants of Greek household indebtedness and financial stress," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 7-26, May.
7. Christos Papazoglou, 2009. "Is Greece's export performance really low?," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 27-37, May.

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