During the recent period, many countries compete with each other to attract foreign investment. When MNCs invest in a host country, it is assumed that a part of their technology spills to the host country firms. But empirical studies on spillover effects of FDI have failed to find robust...

The present paper uses techniques from stochastic production frontier and panel data literature to test for the spillover hypothesis that 'presence of foreign firms and disembodied technology import in a sector leads to higher productivity growth for domestic firms'. The study uses panel data...

The present paper uses techniques from stochastic production frontier and panel data literature to test for the spillover hypothesis that 'presence of foreign firms and disembodied technology import in a sector leads to higher productivity growth for domestic firms'. The study uses panel data...

The production of machine tools has long been associated with industrialisation besides a formidable factor of technical change and international competitiveness. This potent role of machine tool industry was amply recognised by several countries. As a consequence, they framed policies to...