WEWNĄTRZBRANŻOWE EFEKTY SPILLOVER BEZPOŚREDNICH INWESTYCJI ZAGRANICZNYCH
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Date
2008
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Wydział Prawa i Administracji UAM
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INTRA-SECTORAL SPILLOVER EFFECTS OF FOREIGN DIRECT INVESTMENTS
Abstract
The term “spillover effects” (productivity spillovers) is used in economic literature concerning
foreign direct investment (FDI) to define the additional benefits from FDI that raise the general
productivity level in the host country. Main, or direct, beneficiaries of these benefits are local
enterprises, and foreign entities are not directly compensated for them. The sources of these benefits
are mechanisms connected with competition and diffusion of foreign knowledge, occurring within
branches (intra-sectoral spillovers) or between them (inter-sectoral spillovers).
Despite numerous empirical studies into productivity spillovers, a univocal evaluation of the
indirect influence of FDI on the effectiveness of factors of production in the host country remains an
open question. Only research results imply that spillover benefits are not an automatic consequence of
the presence of foreign subsidiaries on a given market and their magnitude and scope depend on the
conditions offered by the host country. Many authors also emphasise that apart from benefits, there
may also appear negative effects of FDI, due to the market stealing effect which can reduce spillover
benefits, thus affecting the net effect.
The purpose of this paper is presentation of the theoretical hypotheses and the results of the most
interesting empirical studies and analysis of intra-sectoral spillovers in the context of characteristics
of the host country.
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Ruch Prawniczy, Ekonomiczny i Socjologiczny 70, 2008, z. 1, s. 171-184