Browsing by Author "Sayek, Selin"

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    Labor market effects of knowledge spillovers
    (ODTÜ İİBF, 2010) Bayraktar-Sağlam, B.; Sayek, Selin
    This paper studies the diffusion of technology that occurs from Multinational Enterprises to domestic firms via worker mobility. It concentrates on the wage and unemployment implications of diffusion of knowledge through labor mobility in the local labor market. We construct a heterogeneous search and matching model where the labor mobility is restricted by the existence of binding contracts. Findings of the model reveal that knowledge spillovers through the movement of workers from foreign to local firm lower the firm premium and the skill premium. Further results indicate that technological progress raising the productivity gap between the foreign and the local film leads to an increase in the unemployment rate, the fim1 premium and the skill premium.
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    The role of the sectoral composition of foreign direct investment on growth
    (Elsevier, 2007) Aykut, D.; Sayek, Selin; Santangelo, G. D.; Piscitello, L.
    In this paper we examine the differential effect of the primary, services, and manufacturing sector FDI on economic growth. The analysis explores whether the sectoral composition of the FDI inflows, alongside the amount of FDI flows, play a role in contributing to the host country's economic growth. Empirical analysis, using cross-country data between 1990 and 2003, shows that while the magnitude of FDI flows have a positive effect on economic growth the sector in which the FDI occurs is also important. As the share of the manufacturing sector in FDI flows increases there is a positive effect on economic growth. Whereas, as the share of primary or services sector investments increases there is a negative effect on economic growth. The results are robust to inclusion of different determinants of economic growth, panel analysis, and consideration of endogeneity.