@TechReport{iza:izadps:dp944, author={Görg, Holger and Greenaway, David}, title={Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?}, year={2003}, month={Nov}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={944}, url={https://www.iza.org/publications/dp944}, abstract={Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by reviewing possible sources of FDI induced spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a range of possible spillover channels, robust empirical support for positive spillovers is, at best, mixed. The reasons for this are explored and the paper concludes with a review of policy aspects.}, keywords={foreign direct investment;multinationals;spillovers;productivity;wages;exports}, }