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Determinant Factors of Pecuniary Externalities

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  • Santos, Eleonora
  • Khan, Shahed

Abstract

This paper relates to the literature on pecuniary externalities from FDI. Their transmission mechanism is complex, because pecuniary externalities may cause knowledge externalities and inversely. Moreover, each type of externality, or a combination of both, may increase firm productivity. Thus, so far, the factors determining pecuniary externalities are not fully exploited. As a result, all the potential effects of FDI on firm productivity remain to explain. We contribute to the literature by providing a broader picture of the determinant factors of pecuniary externalities; through their classification along the lines of theory of heterogeneous firms, and by relating their effects.

Suggested Citation

  • Santos, Eleonora & Khan, Shahed, 2018. "Determinant Factors of Pecuniary Externalities," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(8), pages 180-198.
    • Handle: RePEc:zbw:espost:182535
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    20. Giroud, Axèle & Jindra, Björn & Marek, Philipp, 2012. "Heterogeneous FDI in Transition Economies – A Novel Approach to Assess the Developmental Impact of Backward Linkages," World Development, Elsevier, vol. 40(11), pages 2206-2220.

    More about this item

    Keywords

    Pecuniary externalities; Foreign Direct Investment; heterogeneous firms; technology transfer;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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