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To Share or Not To Share: Does Local Participation Matter for Spillovers from Foreign Direct Investment?
This study examines whether foreign ownership share in investment projects affects the extent of spillovers from foreign direct investment. The analysis, based on a Romanian firm-level data set produces evidence consistent with positive intra-sectoral spillovers resulting from wholly-owned foreign affiliates but not from projects with joint domestic and foreign ownership.
Link
http://andromeda.rutgers.edu/~econnwk/workingpapers/2006-001.pdf