Scholars studying foreign direct investment (FDI) spillovers usually examine whether productivity gains in domestic firms can be attributed to the presence of foreign firms in their industry. However, empirical estimation is often based on datasets that omit certain kinds of firms in the...

Do domestic firms benefit from the presence of foreign multinational firms? The FDI spillovers literature addresses this very issue, primarily examining whether the presence of foreign firms in a host market leads to technology spillovers and upgrading in domestic firms. A key finding is that...