Foreign Ownership and the Extensive Margins of Exports : Evidence for Manufacturing Enterprises in Germany
We examine how foreign ownership of a firm affects the variety of goods that the firm exports and the number of countries it trades with. We construct a simple theoretical model of how foreign ownership may affect these extensive margins of exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with theoretical predictions we find that foreign-owned firms do export more goods to more countries after controlling for firm size, productivity and industry affiliation. These differences between foreign-owned firms and domestically controlled firms are highly statistically significant, and they are large from an economic point of view, with foreign-owned firms exporting up to 39% more goods to up to 31% more countries
Year of publication: |
[2021]
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Authors: | Raff, Horst ; Wagner, Joachim |
Publisher: |
[S.l.] : SSRN |
Subject: | Deutschland | Germany | Export | Industrie | Manufacturing industries | Multinationales Unternehmen | Transnational corporation | Auslandsinvestition | Foreign investment | Exportwirtschaft | Export sector |
Saved in:
freely available
Extent: | 1 Online-Ressource (23 p) |
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Series: | CESifo Working Paper Series ; No. 4337 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 29, 2013 erstellt |
Other identifiers: | 10.2139/ssrn.2302492 [DOI] |
Classification: | F14 - Country and Industry Studies of Trade ; F23 - Multinational Firms; International Business |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013315735