Recent trade literature highlights the importance of export diversification and upgrading in fostering faster and sustainable economic growth. This study investigates the impact of FDI inflow and stock on the level of export diversification and sophistication in host country's export baskets. By utilizing the dynamic panel data model, we find that the five-year lagged FDI inflow correlates positively with both export diversification and sophistication, and FDI stock makes the positive contribution to export sophistication. These findings provide support for the possibility of successful capabilities transfer to and building by local firms. We also find that these positive impacts of FDI exist only in developing countries.
権利
Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp
雑誌名
IDE Discussion Paper
雑誌名(英)
IDE Discussion Paper
巻
347
発行年
2012-03-01
出版者
Institute of Developing Economies (IDE-JETRO)
著者版フラグ
publisher
日本十進分類法
338.92
JEL分類
JEL:F10 - General
JEL:F21 - International Investment;
JEL:O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology
地域/国名
発展途上国
キーワード(LSH)
Developing countries
Foreign investments
International trade
FDI
Export diversification
Export sophistication
Capabilities transfer
Can FDI promote export diversification and sophistication of host countries? : dynamic panel system GMM analysis
本文
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