NATIONAL BANK OF POLAND. No. 42
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1 NATIONAL BANK OF POLAND WORKING PAPER No. 42 How does FDI inflow affect productivity of domestic firms? The role of horizontal and vertical spillovers, absorptive capacity and competition Marcin Kolasa Warsaw, March 2007
2 Marcin Kolasa, National Bank of Poland, Warsaw School of Economics, The author would like to thank the participants to 8th Doctoral Workshop on Econometrics and Statistics in Zakopane, 5th EEFS Conference on European Labour Markets, Trade & Financial Flows and Economic Growth in Crete, 5th INFER Workshop on International Economics in Kingston and Warsaw Economic Meeting at the Warsaw University for valuable comments and discussion. Special thanks are owed to Jacek Socha (National Bank of Poland) for his help in handling firm-level data. Design: Oliwka s.c. Layout and print: NBP Printshop Published by: National Bank of Poland Department of Information and Public Relations Warszawa, 11/21 Świętokrzyska Street phone: , fax Copyright by the National Bank of Poland,
3 Contents Contents List of tables Introduction Theoretical background and related research Empirical model Data Estimation results Horizontal and vertical spillovers Absorptive capacity Competition Removing non-manufacturing firms Spillovers from wholly vs. majority-owned foreign firms Robustness checks Conclusions References WORKING PAPER No. 42
4 List of tables List of tables Table 1. Summary statistics Table 2. Horizontal and vertical spillovers from foreign presence to domestic firms Table 3. Absorptive capacity and spillovers from foreign presence to domestic firms...17 Table 4. Absorptive capacity and spillovers from foreign presence to domestic firms: a broader definition of innovation expenditures Table 5. Competition and spillovers from foreign presence to domestic firms Table 6. Results for manufacturing firms Table 7. Spillovers from fully vs. majority-owned foreign firms Table 8. Spillovers from fully vs. majority-owned foreign firms manufacturing Table 9a. Robustness checks for equation 5 from Table Table 9b. Robustness checks for equation 3 from Table Table 9c. Robustness checks for equation 4 from Table Table 9d. Robustness checks for equation 3 from Table Table 9e. Robustness checks for equation 3 from Table N a t i o n a l B a n k o f P o l a n d
5 Abstract Abstract WORKING PAPER No. 42 5
6 Introduction Introduction 6 N a t i o n a l B a n k o f P o l a n d
7 Theoretical background and related research 1 Theoretical background and related research 1 WORKING PAPER No. 42 7
8 Theoretical background and related research 1 8 N a t i o n a l B a n k o f P o l a n d
9 Theoretical background and related research 1 WORKING PAPER No. 42 9
10 Empirical model 2 Empirical model Δ = β Δ + β Δ + β Δ + β Δ + β Δ + β Δ + ε + ε + ε 2 = 10 N a t i o n a l B a n k o f P o l a n d
11 Empirical model = = = 2 WORKING PAPER No
12 Data 3 Data 3 12 N a t i o n a l B a n k o f P o l a n d
13 Estimation results 4 Estimation results 4 WORKING PAPER No
14 Estimation results 4 Δ Δ Δ Δ Δ Δ 14 N a t i o n a l B a n k o f P o l a n d
15 Estimation results 4 WORKING PAPER No
16 Estimation results 4 16 N a t i o n a l B a n k o f P o l a n d
17 Estimation results Δ Δ Δ Δ Δ Δ 4 WORKING PAPER No
18 Estimation results 4 Δ Δ Δ Δ Δ Δ 18 N a t i o n a l B a n k o f P o l a n d
19 Estimation results Δ Δ Δ Δ Δ Δ 4 WORKING PAPER No
20 Estimation results 4 Δ Δ Δ Δ Δ 20 N a t i o n a l B a n k o f P o l a n d
21 Estimation results 4 WORKING PAPER No
22 Estimation results 4 Δ Δ Δ Δ Δ 22 N a t i o n a l B a n k o f P o l a n d
23 Estimation results Δ Δ Δ Δ Δ 4 WORKING PAPER No
24 Estimation results 4 Δ Δ Δ Δ 24 N a t i o n a l B a n k o f P o l a n d
25 Estimation results Δ Δ Δ Δ 4 Δ Δ WORKING PAPER No
26 Estimation results 4 26 N a t i o n a l B a n k o f P o l a n d
27 Conclusions 5 Conclusions 5 WORKING PAPER No
28 Conclusions 5 28 N a t i o n a l B a n k o f P o l a n d
29 References References WORKING PAPER No
30 References 30 N a t i o n a l B a n k o f P o l a n d
31 References ś ś ł WORKING PAPER No
32 References 32 N a t i o n a l B a n k o f P o l a n d
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