Do productivity spillovers from Japanese and U.S. FDI differ?
FDI comes from different sources, with different levels of technology, different modes of transferring it and into different industries. The spillover effects of FDI may therefore differ. The paper attempts to study empirically the spillover effects of Japanese and U.S. FDI on the total factor productivity growth of the Indian firms, both at the firm and the industry level. The results show that the presence of Japanese equity in the industry has a positive spillover effect while the market...[Show more]
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