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Spillovers From Foreign Direct Investment In Bulgarian Automobile Parts Industry

Author

Listed:
  • Miroslav Nedkov Manev

    (Department of Industrial Business, University of Economics – Varna, Bulgaria)

Abstract

Presented are the results from a conducted survey f or analysis and evaluation of horizontal and vertical spillovers from foreign direct investment (FDI) in automobile parts production. Foreign-owned companies can hardly manage to protect all knowledge of the use of modern technologies and practices so part of those are being absorbed by local firms. The research goal is to determine t he impact of transnational corporations’ affiliates in sector C 29.3 “Production of automobile parts and accessories” on the enterprise s from the local economy. The most significant horizontal spillover effects result from the new practices and technologies, which can be copied through the methods of demonstration and imitation. As the most serious threat for Bulgarian firms within the sector is rated the possible labor mobility towards foreign-owned companies . The most significant vertical spillover effects to Bulgarian suppliers are realized through the degree of cooperation support, staff trainings, economies of scale and the set requirements for joined efforts. Due to the lack of market relations with Bulgarian clients and distributors “forward” vertical spillovers could not be identified.

Suggested Citation

  • Miroslav Nedkov Manev, 2016. "Spillovers From Foreign Direct Investment In Bulgarian Automobile Parts Industry," Business & Management Compass, University of Economics Varna, issue 4, pages 438-454.
    • Handle: RePEc:vrn:journl:y:2016:i:4:p:438-454
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    More about this item

    Keywords

    foreign direct investment; automobile industry; horizontal and vertical spillovers;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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