外商直接投资与经济增长关系：对马来西亚的实证研究外文翻译.docVIP

毕业论文外文原文 外文题目：FDI and productivity Convergence in central and eastern Europe ----an industry-level investigation 出 处： Working paper series,January，2009 作 者： Martin Bijsterbosch and Marcin Kolasa 原 文： FDI and productivity Convergence in central and eastern Europe --an industry-level investigation Martin Bijsterbosch , Marcin Kolasa Abstract This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern Europe, using industry-level data. 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. Keywords: productivity convergence, FDI, absorptive capacity 3. Theoretical considerations While FDI is definitely not the only channel through which international technological diffusion may occur, it is widely considered to be the most important one. This is because multinational corporations are among the most technologically advanced firms, spending relatively big amounts on research and development and using better managerial practices. This implies that inward FDI may involve the transfer of superior technologies, which can then spread over the entire economy leading to productivity gains in domestic firms (see e.g. Findlay, 1978 or Romer, 1993). The link between inward FDI and economic growth in developing countries has firm theoretical foundations. As demonstrated by Borensztein et al. (1998), this relationship can be derived using the framework of international technology diffusion developed by Barro and Sala-i-Martin (1