Technology transfer and spillovers from FDI in transition economies: A meta-analysis

Iwasaki, Ichiro; Tokunaga, Masahiro

doi:10.1016/j.jce.2016.10.005

Cited by 64 publications

(34 citation statements)

References 42 publications

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“…Furthermore, one of the strength of this study, the focus on the indirect effect spanning from firm‐level empirical works, is also a possible limitation, the reason being that the microwedge vis‐à‐vis macrowedge or the direct vis‐à‐vis indirect wedge cannot be estimated by limiting the sample “by construction” to firm‐level studies on the indirect effect. On the difference between direct and indirect, see the excellent Iwasaki and Tokunaga (). On the micro versus macro, further research has been conducted by Bruno, Campos, and Estrin (), Rojec and Knell (), Alfaro et al.…”

Section: Discussionmentioning

confidence: 99%

“…Changes in global FDI trends and their macroeconomic impact have attracted substantial research. There is an expanding literature on the relationship between FDI and economic performance and a quite substantial number of empirical studies on European countries, both for old (EU‐15) and new Member States (NMS; Havránek & Iršová, , ; Iwasaki & Tokunaga, , ; Meyer & Sinani, and Tokunaga & Iwasaki, ). In particular, we would like to highlight three recent meta‐regression analyses by Iwasaki and Tokunaga focusing on transition countries, that is, the “Macroeconomic Impact of FDI in transition economies” (IT 2014), “The Determinants of FDI in Transition Economies” (TI 2017) and “Technology transfer and spillovers from FDI in transition economies” (IT 2016).…”

Section: Introductionmentioning

confidence: 87%

“… Regarding the estimated coefficients of the impact of FDI, comprehensive surveys are provided by Görg and Strobl (), Meyer and Sinani (), Havránek and Iršová (, , ), Hanousek, Kocenda, and Maurel (), Iršová & Havránek (). More recently, Iwasaki and Tokunaga (, ) and Tokunaga and Iwasaki (). …”

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confidence: 99%

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A meta‐analysis of the indirect impact of foreign direct investment in old and new EU member states: Understanding productivity spillovers

Bruno

Cipollina

2017

World Economy

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In this paper, we summarise, combine and explain recent findings from firm‐level empirical literature focusing on the indirect impact of foreign direct investment (FDI) on economic performance, measured as productivity, in the Enlarged Europe. We have reviewed 52 quantitative studies, released between 2000 and 2015 and codified 1,133 estimates. We run a regression of regressions which measures the strength of the FDI–productivity relationship. Taking advantage of large number of high‐quality studies on FDI and its role in explaining the growth in firms’ productivity in Europe, we adopt recent meta‐regression analysis methods—funnel asymmetry and precision estimate tests and precision‐effect estimate with standard errors—to explain the heterogeneous impact of FDI. This paper assesses the country‐specific impact of FDI on firms’ performance, after taking publication selection bias, econometric modelling and the individual studies’ characteristics fully into account. Our results show that on average FDI has a positive indirect impact on productivity. The impact is especially significant in selected European countries, and we interpret this as a sign of better absorptive capacities in those countries.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 87%

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A meta‐analysis of the indirect impact of foreign direct investment in old and new EU member states: Understanding productivity spillovers

Bruno

Cipollina

2017

World Economy

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“…Bailey, 2016;Tokunaga & Iwasaki, 2017) and FDI effects (e.g. Havranek & Irsova, 2011;Iwasaki & Tokunaga, 2016;Demena & van Bergeijk, 2017) identified by a large number of researchers.…”

Section: Data and Research Methodsmentioning

confidence: 99%

How do informal institutions influence inward FDI? A systematic review

Mondolo

2018

Econ Polit

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In the last fifteen years, the literature on international economics and international business has been paying increasing attention to informal institutions and to how they affect a variety of economic variables, inward FDI in particular. The main aims of this work are: to shed more light on a puzzling, elusive concept-informal institutions-also by drawing comparisons with related constructs; to overview the main types of informal institution and their effects on FDI inflows; to conduct a metaanalysis to explore the heterogeneity across empirical studies focusing on the effects of informal institutions on FDI inflows. The main findings of the present work are as follows: according to most of the existing literature, informal institutions, such as trust, social networks and corruption, matter for the purpose of attracting FDI. The sign is significantly determined by the type of informal institution considered. In particular, social networks and factors typically facilitating or in favour of FDI-such as trust and a positive attitude to liberalism-have a significant and positive impact on inward FDI, and this especially holds when the host country is a developing economy.

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“…Meta-analysis is a tool for aggregating results across studies that are estimating the same or a similar 'effect'. It is increasingly popular as a research tool as evidenced by the frequency with which metaanalyses are published in top journals Iwasaki and Tokunaga, 2016;Card et al, 2017;Havranek et al, 2017;Andrews and Kasy, 2019;Hubler et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Another Look at ‘Bank Competition and Financial Stability: Much Ado About Nothing’?

Bandaranayake

Das

Reed

2020

Journal of Economic Surveys

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This study replicates Zigraiova and Havranek's (2016) meta‐analysis of banking competition and financial stability. It performs multiple types of replications: a ‘Reproduction’ replication where Z&H's data and code are verified to reproduce the results of their study; a ‘Repetition’ replication where the studies used by Z&H are independently recoded and then re‐analysed; an ‘Extension’ replication where additional studies on banking competition and stability are analysed; and a ‘Robustness Analysis’ where we check Z&H's results using an alternative empirical procedure. Our analysis strongly confirms Z&H's main finding that competition in the banking sector has an economically negligible effect on financial stability. This result is consistently confirmed across a variety of replication analyses. Most impressively, we confirm their finding even when we analyse a completely independent set of 35 studies not included in Z&H's meta‐analysis. Our results for Z&H's other findings are less supportive. As the first comprehensive replication of a meta‐analysis, this study also provides insights into the robustness of meta‐analysis. We find that meta‐regression analysis, where estimated effects are related to data, estimation, and study characteristics, is sensitive to how data are coded and to the choice of estimation procedure; and that this sensitivity extends to ‘best practice’ estimates.

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Technology transfer and spillovers from FDI in transition economies: A meta-analysis

Cited by 64 publications

References 42 publications

A meta‐analysis of the indirect impact of foreign direct investment in old and new EU member states: Understanding productivity spillovers

A meta‐analysis of the indirect impact of foreign direct investment in old and new EU member states: Understanding productivity spillovers

How do informal institutions influence inward FDI? A systematic review

Another Look at ‘Bank Competition and Financial Stability: Much Ado About Nothing’?

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