INVESTIGADORES
LOPEZ Andres Flavio
artículos
Título:
Foreign direct investment spillovers and the absorptive capabilities of domestic firms in the Argentine manufacturing sector (1992-2001)
Autor/es:
DANIEL CHUDNOVSKY, ANDRÉS LÓPEZ, GASTÓN ROSSI
Revista:
Journal of Development Studies
Editorial:
Routledge
Referencias:
Año: 2008 p. 645 - 677
Resumen:
Argentina received large amounts of FDI inflows during the 90s. At the same time, deep
structural reforms were introduced, forcing domestic firms to rapidly undertake restructuring
processes in order to adapt to the new economic and institutional environment. This paper
explores to what extent FDI helped or hindered those restructuring processes, analyzing
whether positive (or negative) productivity spillovers arose from the increasing presence of
TNCs affiliates. We found that TNCs affiliates have higher productivity levels than domestic firms
and that the latter, on average, received neither positive nor negative horizontal and vertical
(backward) spillovers from the growing presence of foreign firms in the local economy. However,
we also found that domestic firms with high absorption capabilities reaped positive spillovers
from TNCs presence while those with low absorption capabilities were more likely to receive
negative spillovers. These findings suggest that those capabilities are key determinants of the
possibilities of domestic firms to take advantage of incoming FDI flows into their countries.