Productivity Growth Effects of FDI Spillovers: Evidence from the Türkiye Manufacturing Industries
Journal of International Commerce, Economics and Policy, cilt.14, sa.3, 2023 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 14 Sayı: 3
- Basım Tarihi: 2023
- Doi Numarası: 10.1142/s1793993323500199
- Dergi Adı: Journal of International Commerce, Economics and Policy
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, International Bibliography of Social Sciences, Business Source Elite, Business Source Premier, EconLit
- Anahtar Kelimeler: absorption capacity, FDI spillovers, GMM, Industrial productivity
- Ankara Yıldırım Beyazıt Üniversitesi Adresli: Hayır
Özet
This study explores the productivity growth effects of horizontal, backward, and forward FDI spillovers in the Türkiye manufacturing sector using industry-level data for the period 2008–2018. While controlling for capital intensity and human capital as proxies for the absorption capacity, we apply system GMM and bootstrapped LSDV estimator to estimate the models. Our findings reveal that backward linkages significantly hamper industrial productivity due to the rudimentary nature of the products in the downstream sector or lack of absorption capacity. While horizontal spillovers retard the productivity growth; forward linkages enhance the growth, though all insignificant. The results depict that all the interactions with capital intensity strongly promote industrial productivity growth.