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- W2894977470 abstract "No AccessSep 2018Knowledge Transfers from International Openness in Trade and Investment: The European CaseAuthors/Editors: David Michael GouldDavid Michael GouldSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1157-9_ch2AboutView ChaptersFull TextPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Reviews the role of international trade, foreign investment, and global value chains (GVCs) in transferring knowledge that helps to improve productivity in Europe and Central Asia (ECA) countries. While trade and foreign direct investment (FDI) offer significant opportunities for firms to increase their productivity through technology transfers, an important technology-diffusion channel in the European Union (EU) is through production sharing through GVCs, which can encompass both trade and FDI. The global economic crisis reduced international trade, slowing down EU firms’ engagement in GVCs, and the benefit that EU firms derived from cross-border knowledge flows fell, which made an important contribution to the decline in productivity growth in the region. This underlines the importance of maintaining open policies toward foreign trade and investment to support the productivity growth of firms. Spotlights the role of deep preferential trade agreements (PTAs) in attracting foreign direct investment (FDI). ReferencesAghion, P and P Howitt. 2006. “Joseph Schumpeter Lecture: Appropriate Growth Policy; A Unifying Framework.” Journal of the European Economic Association 4 (2–3): 269–314. CrossrefGoogle ScholarAmann, E and S Virmani. 2014. “Foreign Direct Investment and Reverse Technology Spillovers: The Effect on Total Factor Productivity.” OECD Journal: Economic Studies 2014: 129–53. 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CrossrefGoogle Scholar Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: September 2018ISBN: 978-1-4648-1157-9e-ISBN: 978-1-4648-1158-6 Copyright & Permissions Related RegionsEurope and Central AsiaRelated TopicsInformation and Communication TechnologiesInternational Economics & TradeMacroeconomics and Economic GrowthPrivate Sector Development KeywordsGLOBAL ECONOMYINNOVATIONREGIONAL COOPERATION AND TRADEREGIONAL ECONOMYMARKET SUPPLY CHAINSCONNECTIVITY AND ACCESS TO MARKETSFOREIGN DIRECT INVESTMENTFDIMIGRATIONEXTERNAL SHOCKSMACROECONOMIC SHOCKSVALUE CHAINSTELECOMMUNICATIONS POLICYPRODUCTIVITYPREFERENTIAL TRADE AGREEMENTSKNOWLEDGE SHARING PDF DownloadLoading ..." @default.
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