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Pré-publication, Document de travail

Direct Foreign Investments and Productivity Growth in Hungarian Firms, 1992-1999

Abstract : The impact of FDI on total factor productivity in Hungary during the 1990s' is assessed with a large enterprise panel. Foreign equity is associated with higher productivity levels and has a substantial, positive spillover effect on aggregate TFP growth. However, this benefit is significant only when associated with export orientation, while inward-looking FDI has negative side effects. Regionally, the north-western area, close to EU borders, benefits much more from FDI, whether foreign-owned or locally-owned private firms are considered. Otherwise, only the later absorb a reduced volume of externalities. Finally, State ownership implies lower levels of productivity, but does not hinder the capacity to respond to market incentives, including FDI induced externalities.
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Pré-publication, Document de travail
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Soumis le : mercredi 17 septembre 2014 - 16:15:34
Dernière modification le : lundi 7 septembre 2020 - 12:54:54
Archivage à long terme le : : jeudi 18 décembre 2014 - 11:41:07


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  • HAL Id : hal-01065013, version 1
  • SCIENCESPO : 2441/6926



Jérôme Sgard. Direct Foreign Investments and Productivity Growth in Hungarian Firms, 1992-1999. 2001. ⟨hal-01065013⟩



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