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File name: WPIEA2482003. ; Size: 9727K
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Multinational Enterprises, International Trade, and Productivity Growth
Firm-Level Evidence from the United States
Wolfgang Keller
University of Colorado; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)
Stephen R. Yeaple
Pennsylvania State University - College of the Liberal Arts - Department of Economic; National Bureau of Economic Research (NBER)
December 2003
IMF Working Paper No. 03/248
Abstract:
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it is weaker than for FDI spillovers. The paper also gives a detailed account of why our study leads to results different from those found in previous work. This analysis indicates that our results are also likely to apply to other countries and periods.
Number of Pages in PDF File: 40
Keywords: Foreign direct investment technology transfer technology spillovers international trade
JEL Classification: F1 F2 O3
working papers series
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Date posted: February 15, 2006
Suggested CitationKeller, Wolfgang and Yeaple, Stephen R. R., Multinational Enterprises, International Trade, and Productivity Growth
Firm-Level Evidence from the United States (December 2003). IMF Working Paper, Vol. , pp. 1-40, 2003. Available at SSRN: http://ssrn.com/abstract=880958
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