FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models

Detalhes bibliográficos
Autor(a) principal: Santos, Eleonora
Data de Publicação: 2023
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.8/9288
Resumo: Funding: This research was financed by the National Funds of the FCT—Portuguese Foundation for Science and Technology within the project UIDB/04928/2020 and under the Scientific Employment Stimulus—Institutional Call CEECINST/00051/2018.
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spelling FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic ModelsForeign direct investmentProductivityTechnology upgradingExternalitiesFunding: This research was financed by the National Funds of the FCT—Portuguese Foundation for Science and Technology within the project UIDB/04928/2020 and under the Scientific Employment Stimulus—Institutional Call CEECINST/00051/2018.This paper reviews the literature on foreign direct investment (FDI), productivity, and technology upgrading, with a focus on macroeconomic and microeconomic models. It compares the performance of various models used to study FDI and its effects on firms’ productivity, via skill and technology upgrading, offshoring, institutional quality, and other related factors. This review highlights the differences and similarities between macroeconomic and microeconomic models, their empirical strategies, and their ability to provide a comprehensive understanding of the mechanisms through which FDI affects productivity and other variables. The empirical literature on the impact of FDI on the productivity of local firms is derived from association studies, which use a neoclassic production function and an augmented Solow-type equation. These models have been shown to be inadequate in capturing the dynamic and complex nature of FDI and the associated externalities, particularly vertical externalities. This paper identifies three criticisms of the literature on pecuniary externalities, including a lack of models that focus specifically on the mechanism of forward linkages, inadequate measures to assess linkage effects, and the failure to include crucial determinant factors in empirical models. Overall, this paper calls for more comprehensive and nuanced models that incorporate the dynamic and complex nature of FDI and its externalities.MDPIIC-OnlineSantos, Eleonora2024-01-16T14:23:15Z2023-062023-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.8/9288engSantos E. FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models. Economies. 2023; 11(6):164. https://doi.org/10.3390/economies11060164https://doi.org/10.3390/economies110601642227-7099info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-17T15:59:02Zoai:iconline.ipleiria.pt:10400.8/9288Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:51:45.854020Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
title FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
spellingShingle FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
Santos, Eleonora
Foreign direct investment
Productivity
Technology upgrading
Externalities
title_short FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
title_full FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
title_fullStr FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
title_full_unstemmed FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
title_sort FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models
author Santos, Eleonora
author_facet Santos, Eleonora
author_role author
dc.contributor.none.fl_str_mv IC-Online
dc.contributor.author.fl_str_mv Santos, Eleonora
dc.subject.por.fl_str_mv Foreign direct investment
Productivity
Technology upgrading
Externalities
topic Foreign direct investment
Productivity
Technology upgrading
Externalities
description Funding: This research was financed by the National Funds of the FCT—Portuguese Foundation for Science and Technology within the project UIDB/04928/2020 and under the Scientific Employment Stimulus—Institutional Call CEECINST/00051/2018.
publishDate 2023
dc.date.none.fl_str_mv 2023-06
2023-06-01T00:00:00Z
2024-01-16T14:23:15Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.8/9288
url http://hdl.handle.net/10400.8/9288
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Santos E. FDI and Firm Productivity: A Comprehensive Review of Macroeconomic and Microeconomic Models. Economies. 2023; 11(6):164. https://doi.org/10.3390/economies11060164
https://doi.org/10.3390/economies11060164
2227-7099
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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