Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence From the United States
IMF Working Papers, December 1, 2003
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Bibliographic details
- Authors: Stephen R. Yeaple, Wolfgang Keller
- Published: December 1, 2003
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451875898.001
Summary of research question and scope
- Estimates international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI).
- Sample period: between 1987 and 1996.
- Authors: Stephen R. Yeaple, Wolfgang Keller.
- Publication: IMF Working Papers, Working Paper No. 2003/248, Issue: 248, Volume: 2003, Pages: 40.
- Publication date: December 1, 2003.
- DOI: https://doi.org/10.5089/9781451875898.001.
Main findings on FDI spillovers
- FDI leads to substantial productivity gains for domestic firms.
- The size of FDI spillovers is economically important, accounting for about 11 percent of productivity growth in U.S. firms between 1987 and 1996.
Findings on import-related spillovers
- There is some evidence for import-related spillovers.
- Import-related spillovers are weaker than FDI spillovers.
Contribution relative to earlier work
- Results contrast with earlier work that found little or no productivity gains from FDI spillovers.
- The paper provides a detailed account of why this study leads to results different from those found in previous work.
- The authors' analysis indicates that the results are also likely to apply to other countries and periods.
Keywords and subjects covered
- Subject: Balance of payments; Financial sector policy and analysis; Foreign direct investment; Imports; International trade; Production; Productivity; Spillovers; Total factor productivity.
- Keywords include: FDI activity; FDI growth; FDI share; FDI spillover; FDI variable; firm hire; Foreign direct investment; Imports; industry FDI; international trade; market share; Productivity; productivity difference; spillover effect; Spillovers; technology spillovers; technology transfer; TFP growth; TFP measure; Total factor productivity; unobserved industry characteristic; WP.
Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence From the United States — IMF Working Paper No. 2003/248 (December 1, 2003).