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FDI Linkages in Serbia : Policy Note (Английский)

This note examines the relationship between the presence of foreign firms and TFP growth of domestic firms (called FDI spillovers) in Serbia over 2005-2016 period. The analysis finds evidence of FDI spillovers in Serbia like domestic firms on average enjoy higher productivity because of the presence of FDI firms in the economy. Moreover, domestic firms that supply to FDI firms, or are located in the same industry as FDI firms, enjoy higher productivity...
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