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How Does Fdi Affect Domestic Firms Exports Industrial Evidence
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Book Synopsis How Does FDI Affect Domestic Firms' Exports? Industrial Evidence by : Sizhong Sun
Download or read book How Does FDI Affect Domestic Firms' Exports? Industrial Evidence written by Sizhong Sun and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a Heckman sample selection model estimated using pooled four-year firm-level data, this paper explores the export spillovers from the FDI in the cultural, educational and sporting product manufacturing industry of the manufacturing sector in China from 2000 to 2003. The manufacturing sector contributes around 40 per cent of the GDP in the Chinese economy, and the cultural, educational and sporting product manufacturing industry has a significant proportion of FDI activities, and firms in this sector are active in exporting. Through the empirical exercise, we find that there exist export spillovers from FDI in the industry, for which the magnitude depends on firms' geographical location, sale cost and revenue ratio, and ownership structure. On average, domestic firms located in Western China suffer from a foreign presence, irrespective of whether they are privately owned or state and collectively owned. For firms in Central China, both the privately owned and state and collectively owned firms appear to benefit from foreign presence. Regarding firms located in Coastal China, the privately owned firms suffer from the foreign presence, while in contrast the state and collectively owned firms benefit from the foreign presence. In addition, in this industry there are more firms that benefit from the presence of FDI than those that suffer, which to some extent justifies the government's policy to attract the FDI inflow.
Book Synopsis Do Domestic Firms Benefit from Foreign Direct Investment? by : Brian J. Aitken
Download or read book Do Domestic Firms Benefit from Foreign Direct Investment? written by Brian J. Aitken and published by World Bank Publications. This book was released on 1994 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: It seems that technology gains from foreign investment are captured entirely by joint ventures.
Book Synopsis Does FDI Crowd Out Domestic Firms? Micro-Level Evidence from the Republic of Korea by : Hyelin Choi
Download or read book Does FDI Crowd Out Domestic Firms? Micro-Level Evidence from the Republic of Korea written by Hyelin Choi and published by . This book was released on 2017 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes the impact of foreign investment on the exit and sales of domestic firms, using 2006-2013 Korean firm-level data. The results show that the crowding-out and market-stealing effects are more severe for small firms. While foreign firms drive small domestic firms out of the domestic market and take away domestic market shares, large firms rather enjoy the spillover effects from foreign firms. The baseline estimation is further investigated by dividing the full sample into manufacturing vs. service sectors and low-export vs. high-export groups. The crowding-out effect related to exits is more severe in the service sector, while the market-stealing effect on domestic firms' sales is larger in the manufacturing sector. On the other hand, both of the crowding-out and market-stealing effect appear to be larger in high-export groups. To summarize, foreign firms have negative impacts, in particular, on small firms, whereas larger firms rather benefit from the positive externalities of foreign firms. It may be that large firms possess enough ability to compete with foreign firms, and also to learn and apply the advanced technology the foreign firms bring in. The result also shows that since domestic firms in the service sector tend to be small, their survival is vulnerable to the presence of foreign firms, whereas since market competition is more severe in the manufacturing sector, domestic firms' market share loss is more severe in the manufacturing sector. Lastly, we found that domestic exporting firms are in more intense competition with foreign firms.
Book Synopsis Does FDI Increase Product Innovation of Domestic Firms? Evidence from China by : Yue Lu
Download or read book Does FDI Increase Product Innovation of Domestic Firms? Evidence from China written by Yue Lu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploiting a change in policy governing the entry of foreign direct investment (FDI) in 2002, we apply the difference-in-differences model to estimate the effects of FDI on the product scope of domestic Chinese firms. In industries that experienced relaxation in FDI regulations, the average product scope increased by 5% which indicates more product innovation. Through vertical linkages, the product scope of firms is positively (negatively) affected by FDI in upstream (downstream) industries. The negative effect of FDI in downstream industries occurs because foreign firms engaging in processing trade rely more on imported inputs than inputs from domestic suppliers. The main channels of effect are firm-level R&D and industry-level technological distance, as FDI entry leads to an improvement in these variables. However, the positive effects of FDI on product innovation have limits. We found that these effects are present in medium- and low-tech industries but not in high-tech industries. Additionally, new products are mainly introduced within the same industry rather than across different industries.
Book Synopsis Trade, foreign direct investment, and international technology transfer : a survey by : Kamal Saggi
Download or read book Trade, foreign direct investment, and international technology transfer : a survey written by Kamal Saggi and published by World Bank Publications. This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: May 2000 - How much a developing country can take advantage of technology transfer from foreign direct investment depends partly on how well educated and well trained its workforce is, how much it is willing to invest in research and development, and how much protection it offers for intellectual property rights. Saggi surveys the literature on trade and foreign direct investment - especially wholly owned subsidiaries of multinational firms and international joint ventures - as channels for technology transfer. He also discusses licensing and other arm's-length channels of technology transfer. He concludes: How trade encourages growth depends on whether knowledge spillover is national or international. Spillover is more likely to be national for developing countries than for industrial countries; Local policy often makes pure foreign direct investment infeasible, so foreign firms choose licensing or joint ventures. The jury is still out on whether licensing or joint ventures lead to more learning by local firms; Policies designed to attract foreign direct investment are proliferating. Several plant-level studies have failed to find positive spillover from foreign direct investment to firms competing directly with subsidiaries of multinationals. (However, these studies treat foreign direct investment as exogenous and assume spillover to be horizontal - when it may be vertical.) All such studies do find the subsidiaries of multinationals to be more productive than domestic firms, so foreign direct investment does result in host countries using resources more effectively; Absorptive capacity in the host country is essential for getting significant benefits from foreign direct investment. Without adequate human capital or investments in research and development, spillover fails to materialize; A country's policy on protection of intellectual property rights affects the type of industry it attracts. Firms for which such rights are crucial (such as pharmaceutical firms) are unlikely to invest directly in countries where such protections are weak, or will not invest in manufacturing and research and development activities. Policy on intellectual property rights also influences whether technology transfer comes through licensing, joint ventures, or the establishment of wholly owned subsidiaries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study microfoundations of international technology diffusion. The study was funded by the Bank's Research Support Budget under the research project Microfoundations of International Technology Diffusion. The author may be contacted at [email protected].
Book Synopsis Understanding FDI-Assisted Economic Development by : Sanjaya Lall
Download or read book Understanding FDI-Assisted Economic Development written by Sanjaya Lall and published by Routledge. This book was released on 2013-09-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is nowadays well accepted that both economic growth and development are highly dependent on improving not just the availability of capital, but also access to technological capabilities, infrastructure and resources. This has gone hand-in-hand with an increasing economic liberalization of most developing countries. The role of the MNE as a viable source of both capital and technology is one of the key features of this new openness. In the process of embracing FDI as a solution to the myriad of economic ills - something even the World Bank has begun to do - little attempt is made to understand the rationale and the costs associated with this policy stance. Simply put, FDI is not a condition sine qua non for development. Too much emphasis has been placed on attracting FDI, and not on understanding how to optimise the benefits for the host economy. This volume aims to encourage and promote research related to these issues. This volume was previously published as a special issue of the European Journal of Development Research.
Book Synopsis Do Foreign Firms Crowd Out Domestic Firms? by : Renatá Kosová
Download or read book Do Foreign Firms Crowd Out Domestic Firms? written by Renatá Kosová and published by . This book was released on 2004 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis FDI, Technology and Innovation by : N. S. Siddharthan
Download or read book FDI, Technology and Innovation written by N. S. Siddharthan and published by Springer Nature. This book was released on 2020-03-13 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates on major changes that are now taking place in the fields of technology, foreign direct investment (FDI), trade and development strategies, with a particular focus on India. Arguably, these changes are likely to differ from those that the world has experienced over the past few decades; in particular, now that many countries have globalised their economies. The book begins by reviewing the changing pattern of FDI flows and technologies among developed and emerging economies, before identifying the determinants of this change by presenting specific studies on Indian industries. It then addresses key questions such as: How are knowledge spillover mechanisms operationalised, and what are the implications of the internationalisation of the IPR process? The role of FDI is also analysed in order to make policy recommendations for fostering innovation in emerging economies like India. The respective chapters examine the process through which technological paradigm and trajectory shifts are taking place, the factors that facilitate such shifts, the changing pattern of FDI, and the shifting focus of international trade and development strategies – four broad themes that are interrelated and mutually reinforcing. The book offers important takeaways for all social scientists, technologists and business schools interested in Indian studies; it will also benefit researchers whose work involves development economics, industrial organisation and technology, and the economy / society interface.
Book Synopsis The Effect of Foreign Direct Investment on Labour Productivity by : Priit Vahter
Download or read book The Effect of Foreign Direct Investment on Labour Productivity written by Priit Vahter and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ANALYSIS OF PERFORMANCE OF FOREIGN-INVESTED FIRMS AND THE IMPACTS ON DOMESTIC FIRMS AND INDUSTRIES IN THAILAND by : Chayanon Phucharoen
Download or read book ANALYSIS OF PERFORMANCE OF FOREIGN-INVESTED FIRMS AND THE IMPACTS ON DOMESTIC FIRMS AND INDUSTRIES IN THAILAND written by Chayanon Phucharoen and published by . This book was released on 2014 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many empirical researches have been dedicated to study the economic impacts of FDI; however, the consensus on whether FDI can accelerate the economic growth is still ambiguous. This dissertation examines another aspect of FDI's impact, the spillover effect on local plants. With the 2007's industrial census, we use micro-level data to examine the effect of FDI on productivity and export performance of locally-operated plants. We first design estimation models to investigate productivity and export performance differentials between foreign-invested and locally-operated plants. Next, we examine the effects of foreign presence on productivity and export performance of locally-operated plants, using Translog production fucntions with both two and four factors of production. The results of our study find that the differences in export performances between foreign and locally operated plants are more convincing than their productivity differentials. There is limited evidence that the foriegn presences in local industries could positively influence the export performances of the locally-operated plants. The study of FDI externalities on locally-operated plants by sector shows that the effects are significant in only a few industries. However, we find that foreign presence in downstream industries has a positive effect not only on the productivity of local plants but also on their export performances in many industries. Our findings reveal that the externalities from the presences of foreign firms on productivity and export performance of locally operated plants (horizontal spillover effect) are detected in only selected industries. In other words, both performance differentials and spillovers effects vary across industries.
Book Synopsis Challenges to Globalization by : Robert E. Baldwin
Download or read book Challenges to Globalization written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2007-11-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.
Book Synopsis Much Ado about Nothing? by : Holger Görg
Download or read book Much Ado about Nothing? written by Holger Görg and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Globalisation and Productivity Growth by : H. Görg
Download or read book Globalisation and Productivity Growth written by H. Görg and published by Springer. This book was released on 2005-12-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: A great deal of public policy is harnessed to raising productivity growth. Although it is believed that the process is intimately linked to globalization, the precise links are less well known. This volume offers a comprehensive overview of links between international trade, foreign direct investment and productivity growth, providing a series of empirical analyses of these links.
Book Synopsis The Origin of FDI and Domestic Firms' Productivity--Evidence from Vietnam by : Bin Ni
Download or read book The Origin of FDI and Domestic Firms' Productivity--Evidence from Vietnam written by Bin Ni and published by . This book was released on 2017 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines how the origin of foreign investors affects the degree of horizontal and vertical technological spillovers, using firm-level panel data from Vietnam in 2002-2011. The results show a positive association between the presence of Asian firms in downstream sectors and the productivity of Vietnamese firms in supply industries, but no significant relationship in the case of European and North American affiliates. Within Asia,we find that foreign direct investment from China and Taiwan generates positive vertical spillovers to local suppliers. We hypothesize that distance, preferential trade agreements, and institutional or technological differences that affect the degree of local sourcing significantly impact vertical spillovers from foreign direct investment. The horizontal spillover effects are in general negative and statistically significant. Various robustness checks are performed.
Book Synopsis Foreign Direct Investment in the World Economy by : Mr.Edward M. Graham
Download or read book Foreign Direct Investment in the World Economy written by Mr.Edward M. Graham and published by International Monetary Fund. This book was released on 1995-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.
Book Synopsis The Impact of FDI on Domestic Firm Innovation by : Yan Liu
Download or read book The Impact of FDI on Domestic Firm Innovation written by Yan Liu and published by . This book was released on 2021 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the impact of foreign direct investment on domestic firms' innovation in China. It provides causal evidence by exploiting China's foreign direct investment deregulation in 2002 and employs a difference-in-difference estimation strategy. Using a matched firm-patent data set from 1998 to 2007, the results show that the quantity and quality of domestic firms' innovation benefit from foreign direct investment. Moreover, the paper emphasizes the importance of knowledge spillover from foreign direct investment in similar technology domains. The analysis examines the role of horizontal foreign direct investment and foreign direct investment in technologically close industries'industries that share similar technology domains. The findings show that foreign direct investment in technologically close industries generates much bigger positive spillovers than horizontal foreign direct investment. The paper also shows that knowledge spillover from foreign direct investment in similar technology domains is not driven by input-out linkages. Moreover, the spillover effect is stronger in cities with higher human capital stock and firms with higher absorptive capacity.
Book Synopsis Foreign Direct Investment and Host Country Regional Export Performance by : Arjun A. Bedi
Download or read book Foreign Direct Investment and Host Country Regional Export Performance written by Arjun A. Bedi and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on annual data covering the Polish manufacturing sector from 1992 to 1997. Investigates whether the presence and activities of foreign firms enhances the export performance and market access of domestic firms.
