Many developing countries now actively solicit foreign investment, offering firms subsidies, tax holidays, and exemptions from import duties. One justification for subsidizing these firms is the so-called spillover of technology from foreign to domestic firms. Using panel data -- following more than 4,000 Venezuelan firms from 1975 through 1989 -- The authors explore two aspects of the effect of foreign direct investment. First, they examine the relative...
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详细
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1994/02/28
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政策研究报告
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WPS1248
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1
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1
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2010/07/01
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Do domestic firms benefit from foreign direct investment? Evidence from panel data
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foreign presence