A META‐ANALYSIS OF FDI AND PRODUCTIVITY SPILLOVERS IN DEVELOPING COUNTRIES

This meta‐analysis reviews the intrasector heterogeneity of productivity spillovers from foreign direct investment (FDI) in 31 developing countries through a larger more comprehensive data set. We investigate how the inconsistencies in the reported spillover findings are affected by publication bias, characteristics of the data, estimation techniques, and empirical specification, analyzing 1450 spillover estimates from 69 empirical studies...