Determinants and effects of direct foreign investment in Cote d'Ivoire, Morocco, and Venezuela
Despite the voluminous literature on direct foreign investment in the 1960s and 1970s, the empirical evidence on spillovers from foreign sources of equity investment remains slim. This chapter draws on new data sources for Cote d'lvoire, Morocco, and Venezuela to explore two related questions. To what extent do joint ventures or wholly owned for¬eign subsidiaries exhibit higher levels of productivity than their domestic counterparts? Does technology spill over from these foreign entrants to domestically owned firms? The research reported here is the first to exploit panel data at the level of individual firms, which allows a more detailed comparison of foreign and domestic firms than was previously possible. The behavior of foreign and domestic firms can be compared by sector, controlling for firm-specific attributes such as size. The panel nature of the data also allows the analysis to go beyond the cross-sectional studies of the past, which compared partial measures of productivity (such as labor productivity) across sectors. The availability of data for several countries permits exploration of the extent to which the impact of foreign investment is a general or a country-specific phenomenon.
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- Harrison, Ann, 1994. "Multinationals in economic development: the benefits of FDI," MPRA Paper 36270, University Library of Munich, Germany.
- Eskeland, Gunnar S. & Harrison, Ann E., 2003.
"Moving to greener pastures? Multinationals and the pollution haven hypothesis,"
Journal of Development Economics,
Elsevier, vol. 70(1), pages 1-23, February.
- Eskeland, Gunnar S. & Harrison, Ann E., 1997. "Moving to greener pastures : multinationals and the pollution-haven hypothesis," Policy Research Working Paper Series 1744, The World Bank.
- Gunnar A. Eskeland & Ann E. Harrison, 2002. "Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis," NBER Working Papers 8888, National Bureau of Economic Research, Inc.
- Haddad, Mona & Harrison, Ann, 1993. "Are there positive spillovers from direct foreign investment? : Evidence from panel data for Morocco," Journal of Development Economics, Elsevier, vol. 42(1), pages 51-74, October.
- Harrison, Ann E., 1994. "Productivity, imperfect competition and trade reform : Theory and evidence," Journal of International Economics, Elsevier, vol. 36(1-2), pages 53-73, February.
- Ann E. Harrison & Brian J. Aitken, 1999. "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela," American Economic Review, American Economic Association, vol. 89(3), pages 605-618, June.
- Currie, Janet & Harrison, Ann E, 1997. "Sharing the Costs: The Impact of Trade Reform on Capital and Labor in Morocco," Journal of Labor Economics, University of Chicago Press, vol. 15(3), pages S44-71, July.
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