SSE/EFI Working Paper Series in Economics and Finance
No 268:
Technology Transfer and Spillovers: Does Local Participation with Multinationals Matter?
Magnus Blomström ()
and Fredrik Sjöholm ()
Abstract: This paper examines the effects on technology transfer and
spillovers deriving from ownership sharing of foreign multinational
affiliates. More specifically, we try to answer two questions, using
unpublished Indonesian micro data. Firstly, do establishments with minority
and majority ownership differ in terms of productivity levels? Secondly,
does the degree of spillover differ with the degree of ownership in the
FDI? Our results show that foreign establishments have comparable high
levels of labor productivity and that domestic establishments benefit from
spillovers. However, the degree of foreign ownership does neither affect
the level of labor productivity in foreign establishments, nor the degree
of spillovers.
Keywords: Joint venture; productivity; spillovers; Indonesia; foreign direct investment; (follow links to similar papers)
JEL-Codes: F23; O30; (follow links to similar papers)
15 pages, October 12, 1998
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- This paper is published as:
-
Blomström, Magnus and Fredrik Sjöholm, (1999), 'Technology Transfer and Spillovers: Does Local Participation with Multinationals Matter?', European Economic Review, Vol. 43, pages 915-923
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