Agarwal, Natasha; Milner, Chris; Riaño, Alejandro - Centre for Finance, Credit and Macroeconomics (CFCM), … - 2014
This paper examines whether credit constraints affect Chinese ï¬rms’ absorption of productivity spillovers originating from the activity of foreign-owned ï¬rms. Using ï¬rm-level data for 2001-2005, we ï¬nd evidence of positive spillovers originating from foreign-owned ï¬rms...