Journal
ECONOMIC SYSTEMS
Volume 45, Issue 2, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.ecosys.2021.100865
Keywords
FDI; Knowledge spillovers; Productivity; Transition economies; Economic crisis
Categories
Funding
- Croatian Science Foundation [IP-2016-06-3764]
Ask authors/readers for more resources
The study investigates the impact of FDI spillovers on productivity during the global financial crisis, revealing that the crisis may halt the learning process through spillovers if firms have difficulties in accessing external funds. The findings may be particularly beneficial to policy makers grappling with the economic crisis following the COVID-19 pandemic.
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.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available