FDI and Domestic Technology Upgrading: Evidence from Vietnam’s WTO Accession
◈ 주 제: FDI and Domestic Technology Upgrading: Evidence from Vietnam’s WTO Accession
◈ 발표자: Thanhhao Dau (박사수료)
◈ 일 시: 2025년 11월 26일 수요일 12:00~13:00
◈ 장 소: 우석경제관(223동) 504호
◈ 주 관: 경제학부, 경제연구소 한국경제혁신센터, SSK, BK21
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Abstract
This paper examines how foreign direct investment (FDI) inflows shape domestic firm performance. Using commune-level geocoded data on Vietnamese firms and 100% foreign-owned multinational plants, I construct localized FDI exposure measures and show that stronger backward linkages—where domestic firms potentially supply nearby multinationals—are associated with higher productivity. Exploiting Vietnam’s 2007 WTO accession as a quasi-experiment, I find that more productive firms are disproportionately likely to upgrade technology in response to increased FDI, thereby improving productivity. To interpret these heterogeneous responses, I develop a model with firm heterogeneity and fixed costs of supplying MNEs and adopting technology, in which MNE local sourcing acts as a demand shock to domestic firms. The results highlight how firm-level heterogeneity mediates the gains from globalization and suggest that targeted policies fostering MNE-local supplier linkages and/or reducing domestic trade costs can magnify FDI spillovers.