Policymakers around the world introduce special policies aimed at attracting foreign direct investments (FDI). They motivate their decision by the spillover effect, which FDI have on domestic companies. Empirical literature so far has failed to find any robust evidence of this effect. In this...

The purpose of the paper is two-fold. The paper compares productivity of Russian firms that received foreign direct investments, and fully domestically owned firms. It also analyses spillovers from foreign-owned firs. At the same time, there are positive spillovers between foreign-owned and...

The paper both compares productivity of Russian firms that have foreign direct investments with productivity of fully domestically owned firms and analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than domestic ones, but productivity of...