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Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic

Author

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  • Djankov, Simeon
  • Hoekman, Bernard

Abstract

Firm-level data for the Czech Republic during 1992–6 suggest that foreign investment has tended to flow to firms of above average size, initial profitability and initial labour productivity. After controlling for this selection bias, we find that foreign investment has a positive, but statistically insignificant, impact on TFP growth. This is surprising, given that there is a presumption that foreign investors should be transferring new technologies and knowledge to partner firms. Spillovers associated with a foreign investment presence in an industry are found to be negatively correlated with domestic firm performance, while imports are found to have a significant positive effect on TFP growth of such firms. We conclude that trade (imports) appears to have played an important role as a channel for improved performance of Czech enterprises.

Suggested Citation

  • Djankov, Simeon & Hoekman, Bernard, 1998. "Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic," CEPR Discussion Papers 1883, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1883
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    More about this item

    Keywords

    Czech Republic; Foreign Investment; Technology Transfer;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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