Technology, Transfer and Spillovers: Does Local Participation with Multinationals Matter?
National Bureau of Economic Research, 1998 - Corporations, Foreign - 15 pages
Abstract: This paper examines the effects on technology transfer and spillovers deriving from ownership sharing of foreign multinational affiliates. More specifically, we try to answer two questions, using unpublished Indonesian micro data. Firstly, do establishments with minority and majority ownership differ in terms of productivity levels? Secondly, does the degree of spillover differ with the degree of ownership in the FDI? Our results show that foreign establishments have comparable high levels of labor productivity and that domestic establishments benefit from spillovers. However, the degree of foreign ownership does neither affect the level of labor productivity in foreign establishments, nor the degree of spillovers.
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5-digit industry adjustment for heteroscedasticity already face competitive Andrew K based on White's benefit from spillovers brackets are based Capacity utilization CEPR Chi-square test degree of foreign degree of spillovers Descriptive statistics Discussion Papers Dolado Juan F domestic establishments Variables Economics equal coefficients refer establishments Variables Regression establishments with foreign export oriented firms FDImaj FDImin Financial Economics firms already face Forcing multinationals foreign affiliates foreign direct investment foreign establishments foreign ownership majority Goswell Road gross output produced host country host economy HR HR Indonesian manufacturing intangible assets intra-industry spillovers Jimeno joint ventures labor productivity differences Labour Economics Macroeconomics majority owned foreign minority and majority multinational affiliates multinational corporation multinationals reveals oriented firms already ownership sharing participation with multinationals percent level proprietary knowledge reveals the MNCs Scale specific dummy variables spillovers differ spillovers from FDI spillovers from foreign subscription t-statistics within brackets technologies brought TRANSFER AND SPILLOVERS Transition Economics value added