G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2852
DP2852 Economic Growth in Greece: Past Performance and Future Prospects
Barry Bosworth; Tryphon Kollintzas
发表日期2001-06-18
出版年2001
语种英语
摘要This Paper analyses the production efficiency gains in terms of technology transfer and labour productivity changes caused by diverse degrees of foreign ownership. The analysis is based on a sample of 4056 domestic and foreign manufacturing firms operating in Greece in 1997. Departures from normality of labour productivity and its logarithm led to the adoption of the robust technique of quantile regression as providing a better view of the examined relationships by obtaining estimates at different quantiles. Interesting results include a positive and significant effect of foreign ownership on labour productivity which stems exclusively from full and majority owned affiliates and becomes significant only in the middle quantiles. Productivity spillovers benefiting local firms are also differentiated by degree of foreign ownership, with minority holdings exercising a stronger effect in most quantiles. Such distinct FDI effects stress the importance of policy modifications according to the level of development in the host economy, and the selected objectives.
主题International Trade and Regional Economics
关键词Productivity Spillovers Multinationals Fdi
URLhttps://cepr.org/publications/dp2852
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531896
推荐引用方式
GB/T 7714
Barry Bosworth,Tryphon Kollintzas. DP2852 Economic Growth in Greece: Past Performance and Future Prospects. 2001.
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