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Subsidy competition for spillovers for inward FDI
Havránek, Tomáš ; Benáček, Vladimír (referee) ; Cahlík, Tomáš (advisor)
Chapter 2: Meta-Analysis of Intra-Industry FDI Spillovers: Updated Evidence The present paper conducts a meta-analysis of literature on intra-industry productivity spillovers from foreign direct investment. Apart from the traditional approach, robust meta-regression, random effects model, and probit meta-regression are employed. Results of combined significance analysis are mixed but it is apparent that papers published in leading academic journals tend to report rather insignificant results. Our findings suggest that cross-sectional and industry-level studies are likely to find relatively strong spillover effects, and that the choice of proxy for foreign presence is important. The pattern, however, seems to weaken over time. Contrary to previous studies, evidence for publication bias was not detected. JEL Classification C42, D62, F21, F23, O3 Keywords Meta-analysis, Productivity spillovers, Technology transfer, Foreign direct investment, Multinational corporations Chapter 3: On the Determinants of Foreign Direct Investment Incentives This paper examines the microeconomic motivation of governments to provide tax incentives for foreign direct investment. Author applies the classical models of oligopoly to subsidy competition, endogenousing investment incentives, but leaving tax rates exogenous....
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