Chen, Taotao; Kokko, Ari; Gustavsson Tingvall, Patrik - Stockholm China Economic Research Institute, … - 2010
Using a fixed effect variance decomposition model, we estimate SUR models to analyze FDI spillovers from contagion and spillovers from competition on local firms in China. While the former type of spillover mainly depends on the degree of foreign presence in the local industry, the latter kind...