@article{iiasa13840,
           month = {September},
           title = {Does foreign direct investment stimulate new firm creation? In search of spillovers through industrial and geographical linkages},
       publisher = {Springer},
            year = {2016},
           pages = {1--19},
             doi = {10.1007/s11187-016-9803-0},
         journal = {Small Business Economics},
        keywords = {Inward foreign direct investment; new firm creation; entrepreneurship; sectoral and spatial analysis},
             url = {https://pure.iiasa.ac.at/id/eprint/13840/},
            issn = {0921-898X},
        abstract = {This paper examines the spillover effects of inward foreign direct investment (FDI) on the entrepreneurial activities of new firm creation through both industrial and geographical linkages. Using a dataset of 44,434 newly created small firms in 234 regions of South Korea in 2000-2004, this study finds that while the spillover impacts of FDI in the low-tech industry are positive and significant across almost all four possible combinations of the intra-/inter-regional and intra-/inter-sectoral channels, the impacts in the high-tech industry are largely intra-sectoral within the host region and across neighboring regions. Moreover, all statistically significant spillover effects follow an inverted 'U'-shaped curvilinear trend.},
          author = {Sun, L. and Lee, I. H. and Hong, E.}
}