Quantifying Productivity Gains from Foreign Investment

Published: Mar 29, 2013
Abstract
We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling for unobservable firm and country-sector-year factors. Using our well identified firm level estimates for the direct effect of foreign ownership on...
Paper Details
Title
Quantifying Productivity Gains from Foreign Investment
Published Date
Mar 29, 2013
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