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Firm life cycle and foreign direct investment spillover effect: The case of the Czech Republic.
- Source :
- Economics of Transition & Institutional Change; Apr2023, Vol. 31 Issue 2, p319-340, 22p, 10 Charts, 3 Graphs
- Publication Year :
- 2023
-
Abstract
- Foreign Direct Investment (FDI) and the resulting spillover effects can be important for a country's development and economic growth. Using panel data from 2004 to 2019 in the Czech Republic's manufacturing industry, this paper finds the following. First, FDI firms generate positive horizontal labour effects and backward labour linkage on domestic firms. However, other hypothesized effects of FDI firms, such as horizontal and backward competition and the forward linkage of FDI, were not significant. Second, FDI firms at the mature and shakeout stage generate more spillover than those at the introduction and growth stage. There is no spillover impact on domestic firms by FDI firms at the decline stage. This is the first paper to examine the role of firm life cycle on the spillover effects of FDI. [ABSTRACT FROM AUTHOR]
- Subjects :
- FOREIGN investments
EXTERNALITIES
ECONOMIC development
LABOR market
Subjects
Details
- Language :
- English
- ISSN :
- 25776975
- Volume :
- 31
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Economics of Transition & Institutional Change
- Publication Type :
- Academic Journal
- Accession number :
- 162167671
- Full Text :
- https://doi.org/10.1111/ecot.12342