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Proença, I., Fontoura, M. P. & Crespo, N. (2006). Productivity spillovers from multinational corporations: vulnerability to deficient estimation. Applied Econometrics and International Development . 6 (1), 87-98
I. Proença et al., "Productivity spillovers from multinational corporations: vulnerability to deficient estimation", in Applied Econometrics and Int. Development , vol. 6, no. 1, pp. 87-98, 2006
@article{proença2006_1775109276681,
author = "Proença, I. and Fontoura, M. P. and Crespo, N.",
title = "Productivity spillovers from multinational corporations: vulnerability to deficient estimation",
journal = "Applied Econometrics and International Development ",
year = "2006",
volume = "6",
number = "1",
pages = "87-98",
url = "http://www.usc.es/economet/aeid.htm"
}
TY - JOUR TI - Productivity spillovers from multinational corporations: vulnerability to deficient estimation T2 - Applied Econometrics and International Development VL - 6 IS - 1 AU - Proença, I. AU - Fontoura, M. P. AU - Crespo, N. PY - 2006 SP - 87-98 SN - 1578-4487 UR - http://www.usc.es/economet/aeid.htm AB - Evidence on productivity spillovers from FDI to domestic firms is ambiguous. Incorrect estimation procedures may be one of the sources for the contradictory results obtained in empirical studies on this subject. We observe that inadequacy of the estimation procedures leads to a severe underestimation of the spillover effect. An appropriated econometric methodology is discussed taking into consideration the possible simultaneity of FDI and other explanatory variables and endogeneity related to firm unobserved heterogeneity. Robust inference is also addressed. Our findings for the Portuguese case seem sufficient clear to warn about spillover results obtained with a non-judicious application of the classical panel data methods. ER -
Português