Publication

This paper provides an estimation of international technology spillovers to US manufacturing firms via imports and foreign direct investment (FDI) between 1987 and 1996. The authors find that FDI leads to substantial productivity gains in domestic firms and that the size of FDI spillovers account for about 11 percent of productivity growth in the US for the analyzed period. Additionally, they explain why their results differ from those found in previous studies and claim that their findings are likely to generalize to other countries and periods.