Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms

• 成果类型: Article
• 署名作者: Girma, Sourafel; Gong, Yundan; Goerg, Holger; Lancheros, Sandra
• 署名单位: University of Nottingham; Aston University; Aarhus University; IZA Institute Labor Economics; University of Nottingham Ningbo China
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2014.11.007
• 发表日期: 2015
• 页码: 157-169
• 关键词: multinational; Companiestreatrnent; Effectsspillovers

摘要

We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in a unifying framework, taking interactions between firms into account. To do so, we relax a fundamental assumption made in empirical studies examining a direct causal effect of foreign ownership on firm productivity, namely that of no interactions between firms. Based on our approach, we are able to combine direct and indirect effects of foreign ownership and calculate the total effect of foreign firms on local productivity. Our results show that all these effects vary with the level of foreign presence within a cluster, an important finding for the academic literature and policy debate on the benefits of attracting foreign owned firms. (C) 2014 Elsevier B.V. All rights reserved.