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1、毕业论文外文原文外文题目:FDIandproductivityConvergenceincentralandeasternEurope----anindustry-levelinvestigation出处:Workingpaperseries,January,2009作者:MartinBijsterboschandMarcinKolasa原文:FDIandproductivityConvergenceincentralandeasternEurope--anindustry-levelinvestigationMartinBijsterbosch,MarcinKolasaAbstractThi
2、spaperpresentsempiricalevidenceoftheeffectofFDIinflowsonproductivityconvergenceincentralandeasternEurope,usingindustry-leveldata.Fourconclusionsstandout.First,thereisastrongconvergenceeffectinproductivity,bothatthecountryandattheindustrylevel.Second,FDIinflowplaysanimportantroleinaccountingforproduc
3、tivitygrowth.Third,theimpactofFDIonproductivitycriticallydependsontheabsorptivecapacityofrecipientcountriesandindustries.Fourth,thereisimportantheterogeneityacrosscountries,industriesandtimewithrespecttosomeofthemainfindings.Keywords:productivityconvergence,FDI,absorptivecapacity3.Theoreticalconside
4、rationsWhileFDIisdefinitelynottheonlychannelthroughwhichinternationaltechnologicaldiffusionmayoccur,itiswidelyconsideredtobethemostimportantone.Thisisbecausemultinationalcorporationsareamongthemosttechnologicallyadvancedfirms,spendingrelativelybigamountsonresearchanddevelopmentandusingbettermanageri
5、alpractices.ThisimpliesthatinwardFDImayinvolvethetransferofsuperiortechnologies,whichcanthenspreadovertheentireeconomyleadingtoproductivitygainsindomesticfirms(seee.g.11Findlay,1978orRomer,1993).ThelinkbetweeninwardFDIandeconomicgrowthindevelopingcountrieshasfirmtheoreticalfoundations.Asdemonstrated
6、byBorenszteinetal.(1998),thisrelationshipcanbederivedusingtheframeworkofinternationaltechnologydiffusiondevelopedbyBarroandSala-i-Martin(1997)anddrawingonseminalcontributionstothetheoryofendogenousgrowthbyRomer(1990)orGrossmanandHelpman(1991).Accordingtothissetup,per-capita(orlabourproductivity)grow
7、thoccursviaaccumulationofhumancapitalandtheexpansioninthenumberofvarietiesofcapitalgoodsusedinproductionoffinalgoods.Thesevarietiesareproducedbydomesticandforeignfirmsthathaveundertakenadirectinvestme