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Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece, Ireland, and Spain

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  • Salvador Barrios
  • Sophia Dimelis
  • Helen Louri
  • Eric Strobl

Abstract

Despite a growing number of empirical studies on efficiency spillovers arising from the presence of multinational firms for a number of countries, general conclusions on this issue have been inhibited by differences in the data sets and estimation techniques used across studies. In this paper we conduct a comparative empirical study for Greece, Ireland and Spain by creating comparable data sets and estimating identical models. Our results show evidence of spillovers in Ireland and Spain only, although these positive spillovers seem to depend on whether firms have the absorptive capacity to capture technological spillovers and the criteria used to classify them as foreign affiliates.
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  • Salvador Barrios & Sophia Dimelis & Helen Louri & Eric Strobl, 2004. "Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece, Ireland, and Spain," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(4), pages 688-705, December.
    • Handle: RePEc:spr:weltar:v:140:y:2004:i:4:p:688-705
    DOI: 10.1007/BF02659620
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    References listed on IDEAS

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