investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian … 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 …

Most studies of foreign direct investment (FDI) spillovers focus on externalities of inward FDI to host country firms …. However, spillovers may also be generated from outward FDI and flow to home country firms. We test for the presence of … customers to their domestic suppliers. This is consistent with most previous studies of spillovers from inward FDI and may …

transparency) is positively associated with firm-level operational efficiency and access to external financing. Several cross … better-developed capital markets that facilitate capital allocation and production efficiency. Additional analyses using the …