葡萄牙的外商直接投资溢出：对一个国家进行研究得到的更多经验外文原文.pdfVIP

Foreign Direct Investment Spillovers in Portugal: Additional Lessons from a Country Study ˆ RENATO G. FLO RES JR., MARIA PAULA FONTOURA ´ and ROGE RIO GUERRA SANTOS This paper investigates the impact of foreign direct investment (FDI) on the productivity of Portuguese manufacturing sectors. It improves on previous studies by considering the choice of the most appropriate interval of the technological gap for spillovers diffusion. Sectoral variation in the coefficients of the spillover effect is also allowed for. Idiosyncratic factors are identified by means of a fixed effects panel model and positive inter- sectoral spillovers are also examined. Significant spillovers require a proper technological differential between foreign and domestic producers and favourable sectoral characteristics. They may occur in modern industries in which the foreign firms have a clear, but not too sharp, edge on the domestic ones. Agglomeration effects are also a pertinent specific influence. ´ ´ Ce texte examine les repercussions des investissements directs e trangers ´ (IDE) sur la productivite des secteurs manufacturiers au Portugal. ´ ` ´ ´ La specification du modele est amelioree par le choix de l’intervalle le plus ´ ´ approprie de l’ecart technologique pour la diffusion des spillovers. Nous ´ tenons egalement compte des variations sectorielles dans les coefficients de ´ spillovers;