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Multinational enterprises, international trade, and productivity growth : firm level evidence from the United States

Keller, Wolfgang; Yeaple, Stephen R. - 2003

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI...