This study examines the effect of foreign direct investment (FDI) on local firms' productivity via human capital …' productivity, particularly firms with higher growth in hiring skilled foreign employees. This human capital spillover from FDI is …

The paper uses panel data for Indian industries in the post-reform period to study the direct and indirect productivity …-level productivity, nor that R&D spending is more productive in firms or sectors with higher foreign investment. It however finds strong …