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This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct … externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these … externalities may, if not accounted for appropriately, be falsely attributed to FDI. This paper also deals with the potential …
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source countries in terms of total factor productivity (TFP). We find that the importance of these transmission mechanisms …
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Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized countries. Depending on economic policies with respect to openness and factor accumulation, globalization may increase capital and technology flows to DCs, thereby generating a higher...
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