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A dynamic productivity effect of foreign ownership arises when adoption of foreign technology and management practices takes time to fully realize. Furthermore, these dynamic adjustments may be capital or labor augmenting as adoption of advanced production technologies tends to have non\u2010neutral productivity implications in developed countries. We propose and implement an econometric framework to estimate both effects using firm\u2010level data from China's manufacturing sector. Our framework extends a nonparametric productivity framework, in which identification is achieved using a firm's first\u2010order conditions and timing assumptions. We find strong evidence of dynamic and non\u2010neutral effects from foreign ownership, with significant differences across investment sources. Investment from OECD sources is found to provide a long\u2010term productivity boost for all but the largest recipients, while that from Hong Kong, Macau, and Taiwan does not raise performance. These findings have implications for China's declining labor share and for the rising domestic value\u2010added content of its high\u2010tech exports.<\/jats:p>","DOI":"10.1002\/jae.2942","type":"journal-article","created":{"date-parts":[[2022,10,22]],"date-time":"2022-10-22T13:53:05Z","timestamp":1666446785000},"page":"24-48","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":5,"title":["Dynamic and non\u2010neutral productivity effects of foreign ownership: A nonparametric approach"],"prefix":"10.1002","volume":"38","author":[{"given":"Yoonseok","family":"Lee","sequence":"first","affiliation":[{"name":"Syracuse University  Syracuse New York USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Mary E.","family":"Lovely","sequence":"additional","affiliation":[{"name":"Syracuse University and Peterson Institute for International Economics  Washington D.C. 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