This paper examines the causal relationship between foreign mergers and acquisitions and firm productivity in the UK over the period 1999-2007. Our results raise questions about the existence of aggregate effects of foreign ownership on TFP in the longer-run. However, we find significant...

The increasingly important role of multinational enterprises (MNEs) in the global economy is linked to questions of how the foreign direct investment (FDI) they control impacts on overall economic activity in the recipient countries. Of specific interest is the policy context in which such FDI...

There is increasing growth in export platform foreign direct investment (EPFDI), reflecting both the international fragmentation of production associated with globalization and the adoption of policies to promote this type of investment as part of economies' "export led growth" strategies. This...