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Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 3 FDI spillover and productivity (dependent variable = log TFP)

From: Foreign direct investment and productivity spillovers: a firm-level analysis of Bangladesh in comparison with Vietnam

Variables

Bangladesh

Vietnam

All firms

Domestic firms

All firms

Domestic firms

(1)

(2)

(3)

(4)

Foreign_own

0.3765

 

− 0.0487

 
 

(0.4876)

 

(0.0605)

 

Horizontal

13.5791***

14.4573***

0.0311

− 0.0023

 

(4.4943)

(4.7917)

(0.1375)

(0.1530)

Backward

− 24.0653

− 26.3183

0.6191**

0.7087**

 

(15.2176)

(15.6622)

(0.2985)

(0.3317)

Forward

− 2.1165

− 2.3863

0.4082*

0.4235

 

(8.7063)

(9.1805)

(0.2387)

(0.2640)

Fin_obstacles

0.1891

0.0956

− 0.0457

− 0.0406

 

(0.1850)

(0.1954)

(0.0340)

(0.0361)

Size

0.4392**

0.4180**

0.0936***

0.0808***

 

(0.1983)

(0.2013)

(0.0250)

(0.0268)

Age

− 0.2930*

− 0.2257

− 0.0219

− 0.0277

 

(0.1659)

(0.1694)

(0.0199)

(0.0211)

Observations

2206

2151

1913

1677

R-squared

0.4325

0.4372

0.2664

0.2386

  1. 1. All standard errors are robust and reported in parentheses
  2. 2. Statistical significance: ***p < 0.01, **p < 0.05, *p < 0.1
  3. 3. Intercepts are not reported
  4. 4. The Hausman test indicates random effect model for Vietnam sample and fixed-effect model for Bangladesh sample is appropriate
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