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also to the Chinese joint venture partner firm. Third, with technology spillovers typically outweighing negative … externalities are large, perhaps twice the size of wholly-owned FDI spillovers, and it is R&D-intensive firms, including the joint …
Persistent link: https://www.econbiz.de/10011855593
contagion and spillovers in exporting and in foreign ownership decisions within an area of 10 miles in the city of Shanghai …
Persistent link: https://www.econbiz.de/10011822884
This paper examines whether credit constraints affect Chinese firms' absorption of productivity spillovers from foreign … firms. Using firm-level data for 2001-2005, we find evidence of positive spillovers originating from FDI from countries … measure of credit constraints, enjoy lower (and even negative) spillovers from the activity of foreign-owned firms. This …
Persistent link: https://www.econbiz.de/10009764981
We conduct an empirical investigation into the effects of foreign ownership on worker skills using firm-level data from Spain. To control for endogeneity bias due to selection into foreign ownership, we combine a difference-in-differences approach with a propensity score weighting estimator. Our...
Persistent link: https://www.econbiz.de/10011929606
suggested in the original article there is little indication that these spillovers differ in a statistically significant way …
Persistent link: https://www.econbiz.de/10014364729
The debate on trade and growth increasingly focuses on the composition of exports. Exports of more "sophisticated" products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence suggesting...
Persistent link: https://www.econbiz.de/10003922581
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10009503803
We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...
Persistent link: https://www.econbiz.de/10009707619
Intellectual Property Rights (IPR) protect firms from imitation and are considered crucial to promote innovation and technological diffusion. This paper examines the impact of IPR on import sourcing decisions of multinationals. We consider a framework in which firms offshore production of an...
Persistent link: https://www.econbiz.de/10011761570
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10011405146