Merlevede, Bruno; Schoors, Koen; Spatareanu, Mariana - In: World Development 56 (2014) C, pp. 108-126
This study investigates the effect of foreign direct investment (FDI) on the productivity of local firms. In contrast to existing literature our empirical approach does not require FDI to have immediate or permanent effects. We find that foreign entry initially negatively affects local...