Abstract The paper empirically examines the impact of foreign direct investment spillovers on the performance of Vietnamese manufacturing firms from 2007 to 2015, and the role exerted by absorptive capacity on this relationship. Importantly, it is expected that the thresholds of absorptive capacity of the domestic firms exist, and the benefits which local firms enjoy can vary subject to the thresholds. This paper applies a threshold fixed effect model with panel data in Vietnam to show several findings. Firstly, the domestic firms can benefit from spillovers via the horizontal channel and backward linkage. Secondly, absorptive capacity is a vital factor in linking horizontal spillovers to local firms. Finally, the paper finds that there are thresholds of absorptive capacity in the case of Vietnam.

中文翻译：

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吸收能力的门槛：越南制造企业的情况

摘要本文从实证角度考察了2007年至2015年外国直接投资外溢对越南制造企业绩效的影响，以及吸收能力在这种关系上的作用。重要的是，预计存在国内公司吸收能力的阈值，并且本地公司享受的收益可能会随阈值而变化。本文使用越南的面板数据应用阈值固定效应模型来显示一些发现。首先，国内企业可以通过横向渠道和向后联系从溢出中受益。其次，吸收能力是将横向溢出与当地公司联系起来的重要因素。最后，本文发现在越南的情况下，存在吸收能力的阈值。