Inward Investment and Technical Progress in the UK Manufacturing Sector

Florence Hubert ; Nigel Pain

Organisation for Economic Co-operation and Development

关键词: multinationals;    inward investment;    productivity;    technical progress;   

DOI  :  https://doi.org/10.1787/171541878788

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper investigates the impact of direct investment by foreign-owned companies on technical progress and hence labour productivity in the UK manufacturing sector. Using an industry-level panel data set we find that foreign-owned firms have a significant positive effect on the level of technical efficiency in domestic firms. There is evidence of significant intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source of technical progress than foreign trade ...