FDI productivity spillovers and absorptive capacity in Brazilian firms: A threshold regression analysis

Autor(es)

Moralles, Herick Fernando ^[1] ; Moreno, Rosina ^[2]

Afiliação do(s) autor(es)

^[1] Univ Fed Sao Carlos, Prod Engn Dept, ADESP Res Grp, Sao Carlos - Brazil

^[2] Univ Barcelona, Dept Econometr Stat & Appl Econ, AQR IREA Res Grp, Barcelona - Spain

• Tipo de documento: Artigo Científico
• Fonte: INTERNATIONAL REVIEW OF ECONOMICS & FINANCE; v. 70, p. 257-272, NOV 2020.
• Citações Web of Science: 0

Resumo

Literature points out that foreign direct investment (FDI) brings firm-level productivity spillovers. However, few studies have been conducted in Latin-American economies. By using a unique Brazilian county-level FDI database, this paper explores whether the effect of the amount of FDI at the county level on firms' productivity growth depends on certain minimum levels of local companies' absorptive capacity. To do it, we use a threshold regression model, a formulation that appears to be robust to assess the specificities of developing economies. Results indicate that when FDI is set as the threshold and regime-dependent variable, Brazilian firms may suffer from negative productivity spillovers. However, local firms may collect positive spillovers if they are endowed with high absorptive capacity. (AU)

• Processo FAPESP: 19/19905-0 - Impactos ambientais e direcionadores do investimento direto estrangeiro: evidência do estado de São Paulo, Brasil
• Beneficiário: Herick Fernando Moralles
• Modalidade de apoio: Auxílio à Pesquisa - Regular