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- Title
Spillover Effects of Foreign Direct Investment: How do Region-Specific Institutions Matter?
- Authors
Yi, Jingtao; Chen, Yan; Wang, Chengqi; Kafouros, Mario
- Abstract
This study examines the role of region-specific institutions in explaining foreign direct investment (FDI) spillovers. The findings reveal that domestic firms in different regions of China do not equally benefit from inward FDI. Firms that operate in regions with higher levels of intellectual property right protection, market development and international openness are better able to absorb spillovers and improve their productivity. By demonstrating how subnational location-bound institutions influence the spillover effects of FDI, the paper extends prior literature that largely focuses on either firm- and industry-specific determinants or on country-level institutional idiosyncrasies.
- Subjects
FOREIGN investments; INTELLECTUAL property; IDIOSYNCRATIC drug reactions; EXTERNALITIES; PRODUCTION (Economic theory)
- Publication
Management International Review (MIR), 2015, Vol 55, Issue 4, p539
- ISSN
0938-8249
- Publication type
Article
- DOI
10.1007/s11575-014-0235-2