The effects of the global expansion of multinational companies are hotly disputed. Foreign subsidiaries of multinational companies are suggested as one of the main channels of technology transfer to less developed economies. In Central and East Europe their presence proved to be a decisive factor to economic restructuring and development during the transformation from the centrally planned to the market economy. This volume is a unique guide to theory, method of research, and empirical evidence for technology transfer via foreign enterprise subsidiaries. After consolidating the theory and reviewing the latest evidence, the book suggests as possible research methods a state-of-the-art application of econometrics, and an innovative field work-based approach of mezzo-analysis. Today's policy literature is filled with extravagant claims about positive effects from foreign direct investment. However, it emerges that direct technology transfer to foreign subsidiaries is subject to a variety of conditions and the hard evidence on spillover effects to the domestic economy is rather sobering.

List of Tables
List of Figures
Preface
Acknowledgements
Notes on the Contributors
List of Abbreviations
Introduction; J.Stephan
PART 1: THEORY AND REVIEW OF LATEST RESEARCH
Introduction; B.Jindra
Theoretical Framework: FDI and Technology Transfer; B.Jindra
Principal Research Questions; B.Jindra
Empirical Studies: Approaches, Methodological Problems and Findings; B.Jindra
Conclusions Drawn from the Latest Research: Lessons, Limits and New Research Trends; B.Jindra
PART 2: EMPIRICAL STUDIES
FDI, Productivity, and Economic Restructuring in Central and Eastern Europe; J.Hamar & J.Stephan
An Econometric Study of Estonia and Slovenia: The Effect of FDI on Labour Productivity; P.Vahter
Results of a Fieldwork Project; J.Hamar & J.Stephan
Appendix: The Questionnaire
Bibliography
Index

JOHANNES STEPHAN is a graduate of the Freie Universität Berlin, Germany and was awarded his PhD at the Institute for German Studies, University of Birmingham, in 1997. He is currently head of the Department for Industrial Organization and Regulation Economics at the Halle Institute for Economic Research, Germany and his research interests are focused upon the economics of integration, systemic transformation, and economic catch-up development.