Journal of Applied Finance & Banking

Foreign Direct Investment and Productivity Spillovers: Evidence from Turkey

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• Abstract

  This article analyzes the horizontal productivity spillover effects of foreign ownership on Turkish firms that are among the top 500 industrial enterprises in Turkey. Using a panel of 215 firms over the period 2004-2008, we find that domestic firms benefit from productivity spillovers from foreign-owned firms. However, absorptive capacity does not matter for productivity spillover benefits.