Arbeitspapier

The effects of Greenfield FDI and cross-border M&As on total factor productivity

We examine and compare the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from 2003 to 2011, we find that greenfield FDI has no statistically significant effect on TFP while M&As have a positive effect on TFP in the total sample. Greenfield FDI and M&As both appear to be ineffective in increasing TFP in the sub-sample of developing countries. In contrast, M&As have a strong and positive effect on TFP in the sub-sample of developed countries.

Sprache
Englisch

Erschienen in
Series: Kiel Working Paper ; No. 1941

Klassifikation
Wirtschaft
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Thema
greenfield FDI
cross-border mergers and acquisitions
total factor productivity

Ereignis
Geistige Schöpfung
(wer)
Ashraf, Ayesha
Herzer, Dierk
Nunnenkamp, Peter
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Ashraf, Ayesha
  • Herzer, Dierk
  • Nunnenkamp, Peter
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2014

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