Inward Investment And Technical Progress In The United Kingdom Manufacturing Sector
نویسندگان
چکیده
This paper investigates the impact of inward investment by foreign-owned companies on technical progress and hence labour productivity in the UK manufacturing sector. Using an industry-level panel data set we find that foreign-owned firms have a significant positive effect on the level of technical efficiency in domestic firms. There is evidence of significant intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source of technical progress than foreign trade. We also find that the impact of inward investment varies according to the nationality of the investing firm.
منابع مشابه
Public Spending on Health Service and Policy Research in Canada, the United Kingdom, and the United States: A Modest Proposal
Health services and policy research (HSPR) represent a multidisciplinary field which integrates knowledge from health economics, health policy, health technology assessment, epidemiology, political science among other fields, to evaluate decisions in health service delivery. Health service decisions are informed by evidence at the clinical, organizational, and policy level, levels with distinct...
متن کاملInvestment in Housing Sector, an Input- Approach
The Housing sector can be considered both the exchange of intermediate goods and the investment goods for the manufacturing sectors. The housing sector is the buyer of intermediate goods such as brick, cement, iron etc from one side, and uses the investment goods such as crane etc from other side. Furthermore, it uses the labour force. Thus, the housing sector has three types of buying which in...
متن کاملThe Impact on Domestic Productivity of Inward Investment in the Uk
This paper examines one of the basic tenets of UK industrial policy, that attracting inward investment into the UK stimulates domestic productivity growth. A model of productivity growth is developed for the indigenous sector of UK manufacturing, linking domestic productivity growth to theoretical explanations of inward investment. The paper demonstrates that inward investment does stimulate pr...
متن کاملMaking Research Matter; Comment on “Public Spending on Health Service and Policy Research in Canada, the United Kingdom, and the United States: A Modest Proposal”
We offer a UK-based commentary on the recent “Perspective” published in IJHPM by Thakkar and Sullivan. We are sympathetic to the authors’ call for increased funding for health service and policy research (HSPR). However, we point out that increasing that investment – in any of the three countries they compare: Canada, the United States and the United Kingdom– will ipso facto not necessarily lea...
متن کاملOptimal Investment Specific Technological Progress Allocation in a Two Sector Model
In this paper the impact of investment specific technical progress on investment allocation is studied by using an extended version of the Feldman’s two sector model that takes into account embodied technical progress. The aim of the paper is to analyze the impact of investment specific technical progress on the optimal allocation of investment, economic growth and structural change.
متن کامل