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IZA
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Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?
by
Holger Görg, David Greenaway
(November 2003)
published in: World Bank Research Observer, 2004, 19(2), 171-197
Abstract:
Governments the world over offer significant inducements to attract inward investment,
motivated by the expectation of spillover benefits to augment the primary benefits of a boost
to national income from new investment. This paper begins by reviewing possible sources of
FDI induced spillovers. It then provides a comprehensive evaluation of the empirical evidence
on productivity, wages and exports spillovers in developing, developed and transitional
economies. Although theory can identify a range of possible spillover channels, robust
empirical support for positive spillovers is, at best, mixed. The reasons for this are explored
and the paper concludes with a review of policy aspects.
Text: See Discussion Paper No. 944 
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