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FDI spillovers and firm productivity during crisis: Empirical evidence from transition economies

Vujanovic, Nina, STOJCIC, Nebojsa and HASHI, Iraj (2021) FDI spillovers and firm productivity during crisis: Empirical evidence from transition economies. Economic Systems. ISSN 0939-3625

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Abstract or description

Most studies on foreign direct investment (FDI) are nested within periods of economic prosperity. Our study investigates the impact of FDI spillovers on productivity during the global financial crisis (2006–2014) and the accompanying credit shortage. A dynamic panel analysis of firm-level data from two neighbouring but distinct transition economies, Croatia and Slovenia, reveals that the impact of the crisis may go as far as halting the process of learning through spillovers if firms have difficulties in accessing external funds. The implications of the study may prove particularly beneficial to policy makers grappling with the economic crisis following the COVID-19 pandemic.

Item Type: Article
Uncontrolled Keywords: FDI Knowledge; spillovers; Productivity Transition; economies; Economic crisis
Faculty: School of Digital, Technologies and Arts > Engineering
Depositing User: Nebojsa STOJCIC
Date Deposited: 17 Mar 2021 11:06
Last Modified: 03 Sep 2022 01:38
URI: https://eprints.staffs.ac.uk/id/eprint/6837

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