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The Impacts of Foreign Ownership on the Productivity of Korean Manufacturing Firms

강성진
한국경제학회 (The Korean Economic Association)|2005.06|The Korean Economic Review|제21권 제1호|pp. 79-99

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참고문헌

주제분류경제학

초록

Abstract

Using Korean firm-level panel data since the financial crisis, this paper shows that considering two possible econometric issues: unobservable firm-specific effects and potential endogeneity of foreign ownership, fixed-effect and first-differenced panel estimation results with instrumental variables present neither own productivity nor spillover effects of foreign ownership on local companies. This contrasts the results of estimation wherein the two econometric issues are neglected, showing contemporaneously positive and significant own productivity and spillover effects.

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관련 논문AI추천

외국인 소유 지분율이 한국 제조기업의 생산성에 미치는 효과허정, 최승학한국응용경제학회 · 응용경제2011 · 제13권 제3호Do domestic firms benefit from FDI?: evidence from Korean manufacturing industries김태승, 이진국, 하헌구정석물류통상연구원 · Journal of International Logistics and Trade2008 · 제6권 제2호The Dynamics of Productivity Changes in the Korean Manufacturing Industry: Nonparametric Directional Distance Function Approach김관수, 노재선, 안동환한국경제학회 · The Korean Economic Review2004 · 제20권 제1호Correlation between Sales of Foreign Affiliates and Productivity of Multinational Firms: Evidence from Korean Firm-Level Data허정, 이지원, 현혜정대외경제정책연구원 · East Asian Economic Review2013 · 제17권 제3호Productivity Spillover Effect of Foreign Direct Investment into Korea김준동, 김혁황대외경제정책연구원 · East Asian Economic Review2010 · 제14권 제2호Factors Affecting the Ownership Level of Foreign SMEs in Korea: A Bargaining Power ApproachKwonJungWook, LeeJiSeok한국중소기업학회 · 중소기업연구2001 · 제23권 제3호

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