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Spillover versus Ownership: A Meta-Analysis of Transition Literature

  • Iwasaki, Ichiro
  • Tokunaga, Masahiro

In this paper, we conduct a meta-analysis of the literature that empirically examines the microeconomic impacts of foreign direct investment (FDI) in Central and Eastern Europe and the former Soviet Union. The meta-synthesis of estimates collected from relevant studies shows that both the effect size and the statistical significance of the indirect effect of FDI, namely the productivity spillover effect, are obviously lower than those of the direct effect caused by foreign participation in company management through ownership. Moreover, the meta-regression analysis reveals that, probably due to the presence of publication selection bias, previous studies have not yet provided empirical evidence of a non-zero productivity spillover effect in the region. Further research efforts are required to capture the true effect.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/26000/1/RRC_WP_No42.pdf
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Paper provided by Russian Research Center, Institute of Economic Research, Hitotsubashi University in its series RRC Working Paper Series with number 42.

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Length: 33, [24] p.
Date of creation: Nov 2013
Date of revision:
Handle: RePEc:hit:rrcwps:42
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  17. Damijan, Joze P. & Knell, Mark & Majcen, Boris & Rojec, Matija, 2003. "The role of FDI, R&D accumulation and trade in transferring technology to transition countries: evidence from firm panel data for eight transition countries," Economic Systems, Elsevier, vol. 27(2), pages 189-204, June.
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  24. Konrad Pawlik, 2006. "Foreign Ownership and Productivity in Polish Industry: The Case of Polish Manufacturing, 1993-2002," Eastern European Economics, M.E. Sharpe, Inc., vol. 44(5), pages 38-71, October.
  25. Iwasaki, Ichiro & Csizmadia, Péter & Illéssy, Miklós & Makó, Csaba & Szanyi, Miklós, 2011. "The Nested Variable Model of FDI Spillover Effects Estimation Using Hungarian Panel Data," Discussion Paper Series 521, Institute of Economic Research, Hitotsubashi University.
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