Inward Investment and Technical Progress in the United Kingdom Manufacturing Sector.
This paper investigates the impact of direct investment by foreign-owned companies on technical progress and hence labour productivity in the UK manufacturing sector. Using an industry-level panel data set we find that foreign-owned firms have a significant positive effect on the level of technical efficiency in domestic firms. There is evidence of significant intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source of technical progress than foreign trade. Copyright 2001 by Scottish Economic Society.
Year of publication: |
2001
|
---|---|
Authors: | Hubert, Florence ; Pain, Nigel |
Published in: |
Scottish Journal of Political Economy. - Scottish Economic Society - SES. - Vol. 48.2001, 2, p. 134-47
|
Publisher: |
Scottish Economic Society - SES |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Innovation and the regional and industrial pattern of German foreign direct investment
Hubert, Florence, (1999)
-
Fiscal incentives, European integration and the location of foreign direct investment
Hubert, Florence, (2002)
-
Fiscal incentives, European integration and the location of foreign direct investment
Hubert, Florence, (2002)
- More ...