The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Collecting the Pieces of the FDI Knowledge Spillovers Puzzle
Open accessAbstract
Recent surveys of the empirical literature have concluded that the evidence is mixed on the magnitude, direction, and even existence of knowledge spillovers from foreign direct investment (FDI). This article reviews the recent theoretical and empirical literature that responds to these inconclusive results and considers three main issues: spillover channels, mediating factors, and FDI heterogeneity. Studies that take into account individual spillover channels find robust evidence of knowledge spillovers from FDI. Studies on the importance of mediating factors and FDI heterogeneity are less conclusive and could benefit from greater convergence in methodologies and greater specificity in the spillover channels of interest. More generally, many studies do not properly distinguish between knowledge spillovers and knowledge transfers, and empirical studies seem to greatly outnumber theoretical studies.
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Citations
Cites
Endogenous Technological Change
Romer, P. M. (1990) · Journal of Political Economy · doi:10.1086/261725 · Cited by 17,711
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
Export Versus FDI with Heterogeneous Firms
Helpman, E., Melitz, M. J., & Yeaple, S. R. (2004) · American Economic Review · doi:10.1257/000282804322970814 · Cited by 4,030
Javorcik, B. S. (2004) · American Economic Review · doi:10.1257/0002828041464605 · Cited by 2,950
MNE competence‐creating subsidiary mandates
Cantwell, J., & Mudambi, R. (2005) · Strategic Management Journal · doi:10.1002/smj.497 · Cited by 1,295 · cited 1×
“Although the few studies reviewed above indicate that technology-seeking FDI does not generate knowledge spillovers, more recent empirical research indicates that this type of FDI may at least have a large potential of doing so (Feinberg and Gupta 2004; Cantwell and Mudambi 2005).”
BackgroundGeographic Localization of International Technology Diffusion
Keller, W. (2002) · American Economic Review · doi:10.1257/000282802760015630 · Cited by 1,227
Trade, Foreign Direct Investment, and International Technology Transfer: A Survey
Saggi, K. (2002) · The World Bank Research Observer · doi:10.1093/wbro/17.2.191 · Cited by 732
Linking FDI motivation and host economy productivity effects: conceptual and empirical analysis
Driffield, N., & Love, J. H. (2007) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400268 · Cited by 313
Cited by
Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis
Iršová, Z., & Havránek, T. (2013) · World Development · doi:10.1016/j.worlddev.2012.07.001 · Cited by 361
Foreign direct investment inflows and the industrialization of African countries
Gui-Diby, S. L., & Renard, M.-F. (2015) · World Development · doi:10.1016/j.worlddev.2015.04.005 · Cited by 211
Hinane El-Kadi, T. (2024) · The Information Society · doi:10.1080/01972243.2024.2317060 · Cited by 21
Tugendhat, H. (2021) · Journal of Chinese Economic and Business Studies · doi:10.1080/14765284.2021.1943194 · Cited by 13
Metadata
- Authors
- Smeets, R.
- Venue
- The World Bank Research Observer
- Publisher
- Oxford University Press (OUP)
- Published
- 2008-05-27
- Volume
- 23
- Issue
- 2
- Pages
- 107-138
- ISSN
- 0257-3032 (ISSN-L)
- 1564-6971
- OpenAlex
- W2118105624
- Cited by
- 317
- References
- 8
- FWCI
- 48.88
- Type
- journal article
- Language
- en
- Open access
- bronze
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