Origin of FDI and Domestic Productivity Spillovers: Does European FDI Have a Productivity Advantagee in the ENP Countries?

Monastiriotis, Vassilis

doi:10.2139/ssrn.2376737

Cited by 20 publications

(13 citation statements)

References 38 publications

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“…Conversely, 'sales' investments reflect the increasing pressure for access to new (often less sophisticated) markets for Italian products and services. On a European scale, it has been suggested that ENP countries strongly benefit from EU foreign investment, which carry more advanced technological knowledge and managerial practices (Monastiriotis and Borrell, 2013). This geography of foreign investment is also reflected in the nature of the trade flows between the EU and NMs and NCs (Boschma and Capone, 2013; Petrakos et al, 2013;Pinna, 2013;Montalbano and Nenci, 2014), with the latter specializing in less technologically advanced labour-intensive goods.…”

Section: Italian Foreign Investments In Eu Nms and Ncsmentioning

confidence: 99%

What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

Ascani

Crescenzi

Iammarino

2016

Environ Plann C Gov Policy

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This article aims to investigate the economic integration between the European Union and its neighbouring countries by exploring the location drivers of Italian Multinational Enterprises in 33 destination countries including the New Member States of the European Union and the European Neighbouring Countries. The article compares market- and efficiency-seeking motivations with asset-seeking strategies. The analysis is based on a mixed-methods approach. The quantitative analysis assesses the location determinants of 518 Italian Multinational Enterprises that invested in the area in the years 2003–2008, whereas qualitative information on strategic location decisions is collected by means of in-depth interviews with executives in two of the largest Italian Multinational Enterprises active in the region. Market-seeking considerations are still predominant drivers of location decisions in European Union Neighbouring Countries together with resource-seeking motivations. However, different Multinational Enterprises develop diversified strategies to increase their access to these areas, which are of increasing interest for global investors

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Section: Italian Foreign Investments In Eu Nms and Ncsmentioning

confidence: 99%

What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

Ascani

Crescenzi

Iammarino

2016

Environ Plann C Gov Policy

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“…These can have a significant influence on the degree of FDI spillover effects that could be generated in the host countries. Several studies have confirmed the significant influence of investors' country of origin on FDI spillovers in developing countries (see Gold et al, 2017; Javorcik & Spatareanu, 2004; Monastiriotis, 2014;Ni et al, 2015;Takii, 2011) [5,6,11,12] . Despite the importance of country of origin of foreign investors in technology transfers, this issue has not been thoroughly examined in the context of Nigerian manufacturing sector.…”

Section: Introductionmentioning

confidence: 95%

“…Similarly, Japanese multinational enterprises generate less FDI spillovers compared to multinationals from east Asia. In the same vein, Monastiriotis (2014) [11] examines the productivity spillover effects of FDI originating from EU on the performance of firms in the countries neigbouring the EU to the east. Examining whether the FDI from the EU region produces spillover advantages in the host countries, decreases or increases spatial imbalances among its partners.…”

Section: Review Of Literaturementioning

confidence: 99%

Investors’ origin and FDI Spillovers in Nigeria: Evidence from manufacturing sector

Jibrilla¹,

Dunusinghe²

2021

Int. J. Finance Manage. Econ.

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The study of FDI spillover effects on domestic firms in developing countries has attracted the attention of many researchers over the past few decades. This study examines the role of country of origin of foreign investors in influencing FDI spillovers in the manufacturing sector in Nigeria using survey data from the World Bank Enterprise Survey published in 2018. Our study differs from previous FDI studies in the sense that existing studies in Nigeria did not pay attention to the country of origin of foreign investors in the analysis of FDI spillover effects. We follow the methodology of Javorcik (2004) in constructing the FDI spillover variables and use the augmented Cobb-Douglas production function to estimate the spillover effects of FDI on productivity of local firms where we incorporate investors' origin. Pooled OLS is used for the estimation of the parameters. The results of the regression analysis show that investors that originated from Europe have positive and statistically significant impact on productivity and also generate more technology spillovers compared to investors from Asia, Middle East and Africa. It is recommended that policymakers consider the source country of foreign investors when formulating FDI policies and further micro level studies are needed for more understanding how FDI spillovers affect the performance of local firms in developing countries especially in Africa.

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“…FDI in knowledge-intensive sectors in this stance could be important for stimulating patenting activities and increasing available knowledge assets for further innovations. In this respect EU-based FDI is found to be a facilitator of technology diffusion as it generates more knowledge spillovers in local economies of ENCs than FDI from other areas (Di Guardo and Paci 2013; Monastiriotis and Borrel 2013).…”

Section: The Focus Of the Literature: Inputs To Innovation Technologmentioning

confidence: 99%

Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model

Varga

Baypinar

2015

Ann Reg Sci

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This paper applies the GMR-Turkey policy impact model to estimate the likely regional effects of a selected set of policies suggested in the European Neighborhood Policy literature. We grouped the policy suggestions into two alternative sets of measures, which became the bases of two alternative scenarios of regional economic development, the Conservative scenario and the Technology-and innovation-based development scenario. Our results suggest that a persistent and systematic long-term regional technology development-based economic policy which applies measures such as investment, education and R&D support, promotion of better connectedness to EU research networks and increased physical accessibility to developed markets could in the longer run result in higher levels of regional and national production together with decreasing interregional differences than a scenario supporting the expansion of traditional industries in the region. JEL Classification

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Origin of FDI and Domestic Productivity Spillovers: Does European FDI Have a Productivity Advantagee in the ENP Countries?

Cited by 20 publications

References 38 publications

What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

What drives European multinationals to the European Union neighbouring countries? A mixed-methods analysis of Italian investment strategies

Investors’ origin and FDI Spillovers in Nigeria: Evidence from manufacturing sector

Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model

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