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Productivity convergence and foreign ownership at the establishment level

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Productivity convergence and foreign ownership at the establishment level " This paper investigates whether there is convergence in Total Factor Productivity towards the technological frontier at establishment level. The authors find that convergence tot he frontier is statistically and quantitatively important, suggesting the existence of technological spill-overs. Foreign multi-nationals make up a significant proportion of establishments at the technological frontier, and therefore make a contribution to productivity growth through technology transfer. There is also evidence that foreign presence in an industry increases the speed of convergence to the technological frontier. "Productivity convergence and foreign ownership at the establishment level" by Rachel Griffith, Stephen Redding and Helen Simpson is published by the Institute for Fiscal Studies.

 

By Institute for Fiscal Studies , UK.

Macro Economic Policy Resource.