Productivity Spillovers from Foreign Direct Investment in the Brazilian Processing Industry

AutorNádia Campos Pereira Bruhn - Cristina Lelis Leal Calegario
CargoUniversidade Federal de Goiás, UFG - Universidade Federal de Lavras, DAE/UFLA
Available online at
http://www.anpad.org.br/bar
BAR, Rio de Janeiro, v. 11, n. 1, art. 2,
pp. 22-46, Jan./Mar. 2014
Productivity Spillovers from Foreign Direct Investment in the
Brazilian Processing Industry
Nádia Campos Pereira Bruhn
E-mail address: nadiacpereira@yahoo.com.br
Universidade Federal de Goiás - UFG
Departamento de Administração-UFG, Campus Catalão, 75704-020, Catalão, GO, B razil.
Cristina Lelis Leal Calegario
E-mail address: ccalegario@dae.ufla.br
Universidade Federal de Lavras DAE/UFLA
Universidade Federal de Lavras, Campus UFLA, Caixa Postal 3037, 37200 -000, Lavras, MG, Brazil.
Received 27 September 2012; received in revised form 30 April 2013 (this paper has been with
the authors for two revisions); accepted 7 May 2013; published online 2nd January 2014.
Productivity Spillovers from Foreign Direct Investment 23
BAR, Rio de Janeiro, v. 11, n. 1, art. 2, pp. 22-46, Jan./Mar. 2014 www.anpad.org.br/bar
Abstract
The increasing importance of foreign direct investment (FDI) to international production has prompted
considerable interest in its real effects on host economies all over the world. The aim of this study was
investigate whether the presence of FDI produces productivity spillovers in Brazilian processing industries. We
conduct our analysis using a panel database on twenty-three Brazilian processing industries and applied
Moderated Multiple Regression (MMR) and Gener alized Linear Models (GLM) analysis of variance to address
potential spillover effects from foreign presence. This paper finds evidences of the coexistence of both positive
and negative ef fects arising from FDI on the productivity of Brazilian industries. We found negative effects for
FDI presence in labor-intensive industrie s. Furthermore, FDI benefits depend on the ab sorptive capacity of
industries, confirming the hypothesis that a minimum level of absorptive capacity is required so that locally
owned enterprises (LOEs) can benefit from foreign presence.
Key words: foreign direct investment; productivity spillovers; manufacturing Industr y; Generalized Linear
Models; absorption capacity.

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