Ashraf, Ayesha; Carril-Caccia, Federico; Doytch, Nadia - In: Borsa Istanbul Review 24 (2024) 3, pp. 607-617
We examine the effect of outward foreign direct investment (OFDI) on total factor productivity (TFP) of home (source of FDI) countries in a global sample of 85 economies, distinguishing between outward greenfield FDI (OGFDI) and outward cross-border merger and acquisition (M&A) purchases. The...