30 anos de investigação sobre externalidades do IDE para as empresas nacionais: que conclusões?
DOI:
https://doi.org/10.1590/S0101-41612007000400006Keywords:
intra-sectoral spillovers, inter-sectoral spillovers, empirical evidence, domestic firms, productivityAbstract
During the last three decades a vast literature emerged on the empirical evidence of productivity spillovers from FDI. This is related to the fact that multinational firms own intangible assets which may be transmitted to domestic firms and thereby raise their productivity level. Results obtained so far are however mixed, and it does not seem possible to get a straightforward answer to whether this phenomenon occurs. This paper analyses the most extensive number of studies on the subject surveyed to date, by taking into account intra and inter FDI spillovers. We summarize the different channels for diffusion of FDI spillovers and the effects that may be expected in each case. Some paths for further research on the topic are also delineated, which take into consideration the fact that the existence of the phenomenon appears to depend on the sectoral characteristics and some conditioning factors.Downloads
References
Aitken, B.; G. Hanson, G.; Harrison, A. Spillovers, foreign investment and export
behaviour. Journal of International Economics, v. 43, p. 103-132, 1997.
Aitken, B.; G. Hanson, G.; Harrison, A. Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. American Economic Review, v. 89, n.3, p. 605-618,
Araújo, R. Esforços tecnológicos das empresas transnacionais e domésticas. In: J.
De Negri, J.; Salerno, M. (eds.), Inovações, padrões tecnológicos e desempenho das
firmas industriais brasileiras. Brasília: IPEA, 2005.
Banga, R. Do productivity spillovers from japanese and U.S. FDI differ?.Delhi School of
Economics, 2003. Mimeografado.
Barrios, S.; Dimelis, S.; Louri, H.; Strobl, E. Efficiency spillovers from foreign direct
investment in the EU periphery: a comparative study of Greece, Ireland and
Spain. FEDEA Working Paper 2002-02, 2002.
Barrios, S.; Dimelis, S.; Louri, H.; Strobl, E. Foreign direct investment and productivity spillovers: evidence from the spanish experience. Weltwirtschaftliches Archiv, v.138, n.3, p.459- 481, 2002.
Bernard, A.; Jensen, J. Exceptional exporters’ performance: cause, effect or both. Journal of International Economics, 47, p. 1-25, 1999.
Blalock, G. Technology from foreign direct investment: strategic transfer through
supply chains. Artigo apresentado na Conferência Empirical Investigations in International Trade Conference, Purdue University, nov. 2001.
Blomström, M. Foreign investment and productive efficiency: the case of Mexico.
Journal of Industrial Economics, v.35, n.1, p. 97-110, 1986.
Blomström, M.; Kokko, A. Human capital and inward FDI. European Institute of Japanese
Studies. Working Paper n. 167, 2003
Blomström, M.; Kokko, A; Globerman, S.; Kokko, A. The determinants of host country spillovers from foreign direct investment. CEPR Discussion Paper 2350, 2000.
Blomström, M.; Kokko, A; Kokko, A. Multinational corporations and spillovers. Journal of Economic Surveys, v.12, n.3, p. 247-277, 1998.
Blomström, M.; Kokko, A; Persson, H. Foreign investment and spillover efficiency in an underdeveloped economy: evidence from the mexican manufacturing industry. World
Development, v.11, n.6, p. 493-501, 1983.
Blomström, M.; Kokko, A; Sjöholm, F. Technology Transfer and Spillovers: Does Local Participation With Multinationals Matter? European Economic Review, 43, p. 915-923,
Blomström, M.; Kokko, A; Wolff, E. Multinationals corporations and productive convergence in
Mexico. In: Baumol, W.; Nelson, R.; Wolff, E. (eds.), Convergence of productivity:
cross national studies and historical evidence. Oxford: Oxford University Press, p.263 -283, 1994.
Braconier, H.; Ekholm, K.; Midelfart-Knarvik, K. In search of FDI – transmitted R&D spillovers: a study based on swedish data. Weltwirtschaftliches Archiv, v.137, n. 4, p. 644-665, 2001.
Castellani, D.; Zanfei, A. Productivity gaps, inward investments and productivity of
european firms. University of Urbino, 2001. Mimeografado.
Castellani, D.; Zanfei, A. Multinationals companies and productivity spillovers: is there a
specification error?. University of Urbino, 2002. Mimeografado.
Caves, R. Multinational firms, competition and productivity in host-country markets.
Economica, 41, p. 176-193, 1974.
Caves, R. Multinational enterprise and economic analysis. New York: Cambridge University Press, 1996.
Chuang, Y.; Lin, C. Foreign direct investment, R&D and spillover efficiency: evidence
from Taiwan’s manufacturing firms. Journal of Development Studies, v.35, n.4, p. 117- 137, 1999.
Crespo, N.; Fontoura, M. Determinant Factors of FDI Spillovers – What Do We Really Know? World Development, v. 35, n.3, p.410-425, 2007.
Damijan, J.; Knell, M.; Majcen, B.; Rojec. M. The role of FDI, R&D accumulation and trade in transferring technology to transition countries: evidence from firm level panel data for eight transition countries. Economic Systems, 27, p. 189-204, 2003a.
Damijan, J.; Knell, M.; Majcen, B.; Rojec. M. Technology transfer through FDI in
top-10 transition countries: how important are direct effects, horizontal and vertical
spillovers? 2003b. (William Davidson Working Paper 549).
Das, S. Externalities and technology transfer through multinationals corporations – a
theoretical analysis. Journal of International Economics, 22, p. 171-182, 1987.
Est. econ., São Paulo, 37(4): 849-874, out-dez 2007
30 Anos de Investigação sobre Externalidades do IDE para as Empresas Nacionais
Dimelis, S.; Louri, H. Foreign direct investment and efficiency benefits: do size and
ownership matter? Artigo apresentado na Conferência Business & Economics
Society International Conference. Paris, jul. 2001.
Dimelis, S.; Louri, H. Foreign ownership and production efficiency: a quantile regression
analysis. Oxford Economic Papers, 54, p. 449 – 469, 2002.
Djankov, S.; Hoekman, B. Foreign investment and productivity growth in czech
enterprises”. The World Bank Economic Review, 14(1), p. 49-64, 2000.
Driffield, N. The impact on domestic productivity of inward investment in the UK.
The Manchester School, 69 (1), p. 103 -119, 2001.
Driffield, N.; Love, J. Does the motivation for foreign direct investment affect
productivity spillovers to the domestic sector?.University of Birmingham, 2002.
Mimeografado.
Farinha, L.; Mata, J. The impact of foreign direct investment in the portuguese
economy. Banco de Portugal Working Paper nº 16/96, 1996.
Flôres, R.; Fontoura, M.; Santos, R. Foreign direct investment and spillovers: additional
lessons from a country study. The European Journal of Development Research,
v. 19, n. 3, p. 372-390, 2007.
Fosfuri, A.; Motta, M. Multinationals without advantages. Scandinavian Journal of
Economics, 101(4), p. 617-630, 1999.
Fosfuri, A.; Motta, M; Ronde; T. Foreign direct investment and spillovers through
workers’ mobility. Journal of International Economics, 53, p. 205-222, 2001.
Gershenberg, I. The training and spread of managerial know-how – a comparative
analysis of multinationals and other firms in Kenya. World Development, 15 (7), p. 931-939, 1987.
Girma, S. Absorptive capacity and productivity spillovers from FDI: a threshold
regression analysis. European Economy Group, 2003 (Working Paper No.25/2003).
Girma, S; Wakelin, K. Are there regional spillovers from FDI in the UK?. Artigo
apresentado na International Economics Association Conference. Nottingham,
julho de 2000.
Glass, A.; Saggi, K. Multinational firms and technology transfer. Scandinavian Journal of Economics, 104 (4), p. 495- 513, 2002.
Globerman, S. Foreign direct investment and spillover efficiency benefits in canadian
manufacturing industries. Canadian Journal of Economics, 12(1), p. 42-56, 1979.
Gonçalves, J. Empresas estrangeiras e transbordamentos de produtividade na indústria
brasileira: 1997 – 2000. Rio de Janeiro: BNDES, 2005.
Gonçalves, R. Technological spillovers and manpower training: a comparative analysis
of multinational and national enterprises in brazilian manufacturing. Journal of
Development Economics, 11, p. 119-132, 1986.
Görg, H.; Greenaway, D. Much ado about nothing? do domestic firms really benefit
from foreign direct investment?. World Bank Research Observer, 19 (2), p. 171-
, 2004.
Görg, H.; Greenaway, D; Strobl, E. Multinational companies and productivity spillovers: a metaanalysis. Economic Journal, 111, p. 723-739, 2001.
Görg, H.; Greenaway, D; Strobl, E; Spillovers from foreign firms through worker mobility: an empirical investigation. University of Nottingham, 2002. Mimeografado.
Greenaway, D.; Sousa, N.; Wakelin, K. Do domestic firms learn to export from multinationals?
European Journal of Political Economy, 20, p. 1027-1043, 2004.
Grether, J. Determinants of technological diffusion in mexican manufacturing: a
plant-level analysis. World Development, 27(7), p. 1287 – 1298, 1999.
Haddad, M.; Harrison, A. Are there positive spillovers from direct foreign investment?
Evidence from panel data for Morocco. Journal of Development Economics,
, p. 51-74, 1993.
Hanson, G. Should countries promote foreign direct investment? Nações Unidas, 2001.
(G-24 Discussion Paper No. 9)
Harris, R.; Robinson, C. Spillovers from foreign ownership in the United Kingdom
– estimates for UK manufacturing using the ARD. Artigo apresentado na RES 2002 Conference, 2002.
Harrison, A. Productivity, imperfect competition and trade reform. Journal of International
Economics, 36, p. 53-73, 1994.
Haskel, J.; Pereira, S.; Slaughter, M. Does inward foreign direct investment boost the
productivity of domestic firms? Department of Economics, Queen Mary, University
of London, 2002. (Working Paper No. 452).
Imbriani, C.; Reganati, F. Productivity spillovers and regional differences: some evidence
on the italian manufacturing sector. Centro di Economia del Lavoro e di Politica
Economica, Università degli Studi di Salerno, 1999 (Discussion Paper 48)
Javorcik, B. Does foreign direct investment increase the productivity of domestic
firms? In search of spillovers through backward linkages. American Economic
Review, 94(3), p. 605-627, 2004.
Kanturia, V. Technology transfer and spillovers for indian manufacturing firms Development
Policy Review, 16(1), p. 73-91, 1998.
Kanturia, V. Productivity spillovers from technology transfer to indian manufacturing
firms. Journal of International Development, 12, p. 343-369, 2000.
Kanturia, V. Foreign firms, technology transfer and knowledge spillovers to indian manufacturing firms: a stochastic frontier analysis. Applied Economics, 33, p.625-642, 2001.
Kanturia, V. Liberalisation, FDI, and productivity spillovers – an analysis of indian
manufacturing firms. Oxford Economic Papers, 54, p. 688-718, 2002.
Karpaty, P.; Lundberg, L. Foreign direct investment and productivity spillovers in
swedish manufacturing. FIEF Working Paper Series, No. 194, 2004.
Kearns, A. Essays on the consequences of research and development for manufacturing firms
in Ireland. 2000. Tese (Doutoramento), Department of Economics, University of Dublin, Trinity College.
Keller, W.; Yeaple, S. Multinational enterprises, international trade, and productivity
growth: firm-level evidence from the United States. NBER Working Paper No.9504, 2003.
Khawar, M. Productivity and foreign direct investment – evidence from Mexico.
Journal of Economic Studies, 30(1), p. 66-76, 2003.
Kinoshita, Y. R&D and technology spillovers through FDI: innovation and absorptive
capacity. CEPR Discussion Paper No. 2775, 2001.
Kokko, A. Technology, market characteristics, and spillovers. Journal of Development
Economics, 43, p. 279-293, 1994.
Kokko, A. Productivity spillovers from competition between local firms and foreign
affiliates. Journal of International Development, 8(4) , p. 517-530, 1996.
Kokko, A; Blomström, M. Policies to encourage inflows of technology through foreign
multinationals. World Development, 23(3), p. 459-468, 1995.
Kokko, A; Tansini, R.; Zejan, M. Local technological capability and productivity
spillovers from FDI in the uruguayan manufacturing sector. Journal of Development
Studies, 32(4) , p. 602 – 611, 1996.
Kokko, A; Tansini, R.; Zejan, M. Trade regimes and spillover effects of FDI: evidence from Uruguay. Weltwirtschaftliches Archiv, 137(1), p. 124-149, 2001.
Konings, J. The effects of foreign direct investment on domestic firms: evidence from
firm-level panel data in emerging economies. Economics of Transition, 9(3), p.619- 633, 2001.
Kugler, M. The diffusion of externalities from foreign direct investment: theory ahead of
measurement. University of Southampton, 2001. Mimeografado.
Lall, S. Vertical interfirm linkages in LDCs: an empirical study. Oxford Bulletin of
Economics and Statistics, 42 (3), p. 203-226, 1980.
Li, X.; Liu, X.; Parker, D. Foreign direct investment and productivity spillovers in the
chinese manufacturing sector. Economic Systems, 25, p. 305-321, 2001.
Lin, P.; Saggi, K. Multinational firms and backward linkages: a survey and a simple
model. Lingnan University and Southern Methodist University, 2004. Mimeografado.
Lipsey, R. Home and host country effects of FDI. NBER Working Paper 9293, 2002.
Liu, X.; Parker, D.; Vaidya, K.; Wei, Y. The impact of foreign direct investment on
labour productivity in the chinese electronics industry. International Business
Review, 10, p. 421- 439, 2001.
Liu, X.; Parker, D.; Vaidya, K.; Wei, Y; Wang, C. Does foreign direct investment facilitate technological progress? Evidence from chinese industries. Research Policy, 32, p. 945-953, 2003.
Liu, Z. Foreign direct investment and technology spillover: evidence from China.
Journal of Comparative Economics, 30(3), p. 579-602, 2002.
Markusen, J.; Venables, A. Foreign direct investment as a catalyst for industrial development.
European Economic Review, 43, p. 335-356, 1999.
Narula, R.; Marin, A. FDI spillovers, absorptive capacities and human capital development:
evidence from Argentina. MERIT Research Memorandum 2003 – 016, 2003.
Pack, H. The role of exports in asian development. In: Birdsall, N.; Jaspersen, F.
(eds.), Pathways to growth: comparing East Asia and Latin America. Washington DC: Inter-American Development Bank, 1997.
Ponomareva, N. Are there positive or negative spillovers from foreign-owned to domestic firms? Moscovo: New Economic School, 2000. (Working Paper BSP/00/042).
Proença, I.; Fontoura, M.; Crespo, N. Productivity spillovers from multinational corporations
in the portuguese case: evidence from a short time period panel data.. Departamento
de Economia, CEDIN, CEMAPRE, ISEG/UTL, Universidade Técnica de Lisboa, 2002. (Working Paper 06/2002)
Proença, I.; Fontoura, M.; Crespo, N. Productivity spillovers from multinational corporations:
vulnerability to deficient estimation. Applied Econometrics and International Development,
(1), p. 87-98, 2006.
Reis, C. Investimento directo estrangeiro e spillovers sobre a produtividade – um estudo
aplicado à indústria transformadora portuguesa. 2001. Dissertação (Mestrado
em Economia), Faculdade de Economia, Universidade de Coimbra.
Rhee, Y. The catalyst model of development: lessons from Bangladesh’s success with
garment exports. World Development, 18(2), p. 333-346, 1990.
Rodríguez-Clare, A. Multinationals, linkages, and economic development. American Economic Review, 86 (4), p. 852-873, 1996.
Ruane, F.; Ugur, A. Foreign direct investment and productivity spillovers in the irish manufacturing industry: evidence from firm level panel data. Trinity College Dublin, 2002. (Trinity Economic Papers 02/06).
Saggi, K. Trade, foreign direct investment, and international technology transfer: a survey. The World Bank Research Observer, 17(2), p. 191-235, 2002.
Santos, V. Investimento directo estrangeiro e a eficiência da indústria portuguesa.
Estudos de Economia, 11 (2), p. 181-201, 1991.
Schoors, K.; van der Tol, B. Foreign direct investment spillovers within and between sectors:
evidence from hungarian data. University of Gent, 2002. (Working Paper 2002/157)
Sgard, J. Direct foreign investments and productivity growth in hungarian firms, 1992-1999. William Davidson Institute Working Paper No. 425, 2001.
Sinani, E.; Meyer, K. Spillovers of technology transfer from FDI: the case of Estonia.
Journal of Comparative Economics, 32, p. 445-466, 2004.
Sjöholm, F. Technology gap, competition and spillovers from direct foreign investment:
evidence from establishment data. Journal of Development Studies, 36(1), p.53-73, 1999a.
Sjöholm, F; Productivity growth in Indonesia: the role of regional characteristics and
direct foreign investment. Economic Development and Cultural Change, 47(3), p. 559-584, 1999b.
Teece, D. Technology transfer by multinational firms: the resource cost of transferring
technological know-how. Economic Journal, 87, p. 242-261, 1977.
Torlak, E. Foreign direct investment, technology transfer, and productivity growth
in transition countries – empirical evidence from panel data. Cege Discussion Paper No. 26, 2004.
Wang, J.; Blomström, M. Foreign investment and technology transfer: a simple model. European Economic Review, 36, p. 137 – 155, 1992.
Yudaeva, K.; Kozlov, K.; Malentieva, N.; Ponomareva, N. Does foreign ownership matter? the russian experience. Economics of Transition, 11(3), p. 383-409, 2003.
Downloads
Published
Issue
Section
License
Copyright (c) 2007 Nuno Crespo, Maria Paula Fontoura
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.