Ashraf, Ayesha; Carril-Caccia, Federico; Doytch, Nadia - In: Borsa Istanbul Review 24 (2024) 3, pp. 607-617
We examine the effect of outward foreign direct investment (OFDI) on total factor productivity (TFP) of home (source of … (GMM) to deal with possible endogeneity and find the following results. First, total OFDI has no effect on the home country …'s TFP. Second, disentangling OFDI by mode of investment reveals both positive and negative reverse spillovers from FDI to …