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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2863

Title: The spatial dimension in FDI spillovers : evidence at the regional level from Portugal
Authors: Crespo, Nuno
Proença, Isabel
Fontoura, Maria Paula
Keywords: FDI intra-industry spillovers
FDI inter-industry spillovers
Counties
Regional development level
Geographical proximity
Portugal
Issue Date: 2010
Publisher: ISEG - Departamento de Economia
Citation: Crespo, Nuno, Isabel Proença e Maria Paula Fontoura. 2010. "The spatial dimension in FDI spillovers : evidence at the regional level from Portugal". Instituto Superior de Economia e Gestão. DE Working papers; nº17-2010/UECE/CEMAPRE
Series/Report no.: DE Working papers; nº 17-2010/UECE/CEMAPRE
Abstract: There are theoretical reasons to expect that benefits to domestic firms from foreign direct investment would be confined to the area where the multinational firm is located and that the benefits depend on the development level of the host region. However, there is a scarcity of empirical studies on FDI’s indirect effects at the regional level, particularly with regard to inter-industry spillovers. This paper is an empirical contribution to this literature with data for Portugal. Both intra-industry and inter-industry FDI spillovers are considered. The concept of region adopted comprises the county in which the domestic firm is located, together with all of the directly neighbouring counties. Equations are estimated using the System GMM, with robust estimation of covariance matrices. Data confirms the relevance of both the geographical proximity and the development level of the region to this phenomenon. Furthermore, FDI spillovers are more evident at the inter-industry level. These results raise important implications for economic policy.
URI: http://hdl.handle.net/10400.5/2863
ISSN: 0874-4548
Appears in Collections:CEMAPRE - Documentos de Trabalho / CEMAPRE - Working Papers
DE - Documentos de trabalho / Working Papers

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