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FDI, licensing, e crescimento da produtividade total de fatores

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  • Bonzanini, Ana Flavia
  • Souza, Eduardo Correia de
  • Melo, Leonardo

Abstract

We analyze the impacts of two international technology transfer channels, foreign direct investment (FDI) and licensing, on total factor productivity (TFP) growth in a sample of 88 countries for the period 1980-2006. Comparing with Pessoa (2008), we bring here three original contributions: we include in the econometric model specification a variable which captures the composition of foreign capital flows; our sample comprises poor and developing countries too, not only OECD’s; we offer a treatment for the typical endogeneity problem found in growth regressions which have as explanatory variables measures like countries’ “financial openness”.

Suggested Citation

  • Bonzanini, Ana Flavia & Souza, Eduardo Correia de & Melo, Leonardo, 2013. "FDI, licensing, e crescimento da produtividade total de fatores," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(1), April.
    • Handle: RePEc:fgv:epgrbe:v:67:y:2013:i:1:a:3867
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    References listed on IDEAS

    as
    1. Jin W. Cyhn, 2002. "Technology Transfer and International Production," Books, Edward Elgar Publishing, number 2316, August.
    2. repec:bla:econom:v:68:y:2001:i:272:p:465-88 is not listed on IDEAS
    3. Minyuan Zhao, 2006. "Conducting R& D in Countries with Weak Intellectual Property Rights Protection," Management Science, INFORMS, vol. 52(8), pages 1185-1199, August.
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    5. Philippe Aghion & Peter Howitt & David Mayer-Foulkes, 2005. "The Effect of Financial Development on Convergence: Theory and Evidence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(1), pages 173-222.
    6. Jaejoon Woo, 2009. "Productivity Growth And Technological Diffusion Through Foreign Direct Investment," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 226-248, April.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    8. Roger Koenker & Kevin F. Hallock, 2001. "Quantile Regression," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 143-156, Fall.
    9. Amy Jocelyn Glass & Kamal Saggi, 2023. "Licensing versus direct investment: implications for economic growth," World Scientific Book Chapters, in: Kamal Saggi (ed.), Technology Transfer, Foreign Direct Investment, and the Protection of Intellectual Property in the Global Economy, chapter 10, pages 227-249, World Scientific Publishing Co. Pte. Ltd..
    10. Argentino Pessoa, 2008. "Multinational Corporations, Foreign Investment, and Royalties and License Fees: Effects on Host-Country Total Factor Productivity," Notas Económicas, Faculty of Economics, University of Coimbra, issue 28, pages 6-31, December.
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