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Discussion by Gianpaolo Rossini

Discussion by Gianpaolo Rossini. Of : Productivity, multinationals and Knowledge spillovers: evidence from the UK retail sector. By M.D. A ň on Higon and N. Vasiliakos. Object. Evaluation of potential benefits of foreign owned establishments in the British retail sector, due to

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Discussion by Gianpaolo Rossini

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  1. Discussion byGianpaolo Rossini Of : Productivity, multinationals and Knowledge spillovers: evidence from the UK retail sector. By M.D. Aňon Higon and N. Vasiliakos

  2. Object • Evaluation of potential benefits of foreign owned establishments in the British retail sector, due to • a) increased competition • b) spillovers.

  3. State of the art • Few studies on the effect of FDI on the retail sector. • Many studies on other sectors Methods: evaluation of productivity effects of presence of FDI

  4. Results • Positive effects of FDI on the productivity of local firms which are MNF. But much it depends on absorptive capacity -> how far is the firm that should benefit. Only efficient firms benefit from spillovers from other effcient firms. • Effects are mostly local (less than regional).

  5. Questions • 1. British MNFs are the most efficient. It is akward to understand the positive effect of non British MNFs on remaining firms, once you recognize superior performance of British MNFs • 2. Use of Herfindahl index at sector level and market share (firm level) to capture competition…???? • Why should FDI make a market more competitive? May be other indicators could be added. Or used instead.

  6. Final comments • Local spillovers have compensated the destructive effects of competition in terms of productivity gains.??? • POLICY Implications: attract foreign investors to reduce productivity gap in the British retail industry (you mean in the Non MNF British firms?). • Does Britian need FDI in retail?

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