Impact of Firm Heterogeneity on Direct and Spillover Effects of FDI: Micro Evidence from Ten Transition Countries

摘要: Abstract This paper presents a comparative study of the importance direct technology transfer and spillovers through FDI on set 10 transition countries, using common methodology appropriate methods to account for selection simultaneity correction. considers by far largest firm level dataset (more than 90,000 firms) used any spillover effects FDI. The main novelty is explicit control various sources heterogeneity when accounting different performance. work shows that firms in terms absorptive capacity, size, productivity levels affect results. Controlling these variables leads some interesting results, which contrast with previous empirical field. We find horizontal have become increasingly important over last decade, they may even more vertical spillovers. Positive are equally distributed across size classes firms, while negative seem be likely accrue smaller firms. Moreover, positive present medium or high higher capacities, low These findings suggest both from foreign ownership as well substantially depend capacity individual In addition, results show presence also larger extent but this impact either direction.