Resumen

FUJII OLECHKO, Dmitri. Foreign Investment and Productivity in Mexico. Inv. Econ [online]. 2004, vol.63, n.248, pp.147-173. ISSN 0185-1667.

The debate still remains over the effects of foreign investment on developing countries. Theoretically, a series of benefits have been identified that Foreign Direct Investment (FDI) flows generate in developing economies. One of the most important ones is the increase in the productivity of domestic companies as a result of a greater presence of multinational corporations. These are the so called “spillover effects” or the positive impacts from the acquisition of advanced technologies by domestic firms in order to compete with multinationals. Nevertheless, the empirical results of spillover effects are far from compelling. According to literature on technological capacity, the technological impact on these companies tends to be relative. What this work suggests, by means of an empirical analysis of the Mexican case, is that the presence of foreign capital has a positive impact on the productivity of an industry even though spillovers of productivity are not generated towards domestic companies. Likewise, it is proven that the impact on technology is not necessarily positive, since it depends on the origin of the technology, as well as the nature of the receiving firm.

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