Friday 07 March 2014 14:00 - 15:30

SAL 2.04, 2nd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH

About this event

Foreign Direct Investment provides a bridge between locations, providing a potential conduit for productive interactions or knowledge transfer across space. This may be a particularly valuable source of productivity growth for small and remote regions. We estimate the impact of foreign ownership on employee wages and on the productivity of domestically owned firms, using a rich longitudinally-linked employer-employee dataset from New Zealand, containing job level information as well as firm performance data spanning over a decade. Foreign firms pay higher wages and wage growth but the premium is not retained by workers when they leave the firm. Foreign firms are also more productive but we find little evidence of positive spillover effects from FDI to the productivity of domestically-owned firms.

Participants are expected to adhere to the CEP Events Code of Conduct.

Directions

This event will take place in SAL 2.04, 2nd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH.

Urban and Regional Economics Seminars are part of the CEP's Urban and spatial programme.