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- Publisher
- Springer Journals
- Copyright
- Copyright © 2010 by Kiel Institute
- Subject
- Economics; International Economics; European Integration; Macroeconomics/Monetary Economics//Financial Economics; Economic Policy; Macroeconomics/Monetary Economics//Financial Economics
- ISSN
- 1610-2878
- eISSN
- 1610-2886
- DOI
- 10.1007/s10290-009-0036-z
- Publisher site
- See Article on Publisher Site
Abstract
This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in Central and Eastern Europe, using a new and harmonized industry-level data set. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity growth. Third, the impact of FDI on productivity critically depends on the absorptive capacity of recipient countries and industries. Fourth, there is important heterogeneity across countries, industries and time with respect to some of the main findings.
Journal
Review of World Economics – Springer Journals
Published: Jan 14, 2010