본문 바로가기
KERD
논문KCI 등재

Foreign Direct Investment, Host country Productivity and Export: The Case of U.S. and Japanese Multinational Affiliates

Adugna Lemi
경제연구소 (Hanyang Economic Research Institute)|2004.06|Journal of Economic Development|제29권 제1호|pp. 163-188

0

조회

0

다운로드

3

인용

0

참고문헌

주제분류경제학

초록

Abstract

The literature on the transfer of technology from FDI to host country firms is growing rapidly. Most of the studies find that there are positive spillover effects from FDI flow to host country firms in advanced economies. The result for the case of FDI recipient developing economies is mixed. The purpose of this study is to analyze the role that foreign direct investment from the U.S. and Japan plays in affecting developing countries’ productivity, and export. Trade and production dataset by industrial groups and disaggregated U.S. and Japanese FDI data are used to empirically test presence of spillover effects on labor productivity and export. The results of the study show that positive productivity effects from U.S. and Japanese FDI firms are not empirically supported for the case of sample developing countries. The presence of FDI firms from all source countries and the number of U.S. total FDI and U.S. manufacturing FDI firms increase exports of host countries to the rest of the world. On the other hand, productivity is enhanced by foreign portfolio investment, availability of skilled manpower, capital intensity of industries and the number of bilateral investment treaties signed by host countries. Official development assistance and official aid have significantly negative effect on host country productivity, value added and export.

참고문헌 (40)

  1. Aggarwal, "Economic Development and Income Distribution in Less Developed Countries" (1987)
  2. Agosin, M.R, "Foreign Investment in Developing Countries: Does it Crowd in Domestic Investment?", (146) (2000)
  3. Aitken, B, "Spillovers, Foreign Investment and Export Behavior", 43 (1997)
  4. Aitken, B.J, "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela", 89(3) (1999)
  5. "Foreign Direct Investment in Less Developed Countries: The Role of ICSID and MIGA" (1999), Quorum Books
  6. "Competing for Foreign Direct Investment" (2000)
  7. "Foreign Entry and Domestic Welfare: Lessons for Developing Countries", 11(2), pp.143~162 (2002)
  8. "Multinational Corporations and Spillovers", 12, pp.3~ (1998)
  9. "How Does Foreign Direct Investment Affect Economic Growth", 45 (1998)
  10. "Multinational Enterprise and Economic Analysis" (1997), Cambridge University Press
  11. "Foreign Direct Investment in Developing Countries and Growth: A Selective Survey", 34(1), pp.1~34 (1997)
  12. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data", 51, pp.133~155 (1999)
  13. "Tariff Jumping Foreign Investment and Capital Taxation", 53, pp.223~230 (2001)
  14. "Foreign Investment and Productivity Growth in Czech Enterprises", 14(1), pp.49~64 (1998)
  15. "The Investment Development Path Revised: Some Emerging Issues in Foreign Direct Investment and Governments: Catalysts for Economic Restructuring, eds. by J.H. Dunning and R. Narula" (1996), Routledge
  16. "Japanese and U.S. Exports and Investment as Conduits of Growth", 5457 (1996)
  17. "A Note on Labor Productivity and Foreign Direct Investment", (109) (1999)
  18. "Multinational Companies and Wage Inequality in the Host Country: The case of Ireland", 135(4) (1999)
  19. "On the Welfare Effects of Competition for Foreign Direct Investments" (2000)
  20. "International Trade and Foreign Direct Investment: The Interface" in Globalization, Trade and Foreign Direct Investment, ed. by J.H. Dunning" (1998)
  21. "Econometric Analysis" (2000), Prentice Hall
  22. "Should Countries Promote Foreign Direct Investment?", (9), pp.~24 (2001)
  23. "Strategic Export Policy with Foreign Direct Investment and Import Substitution", 64 (2001)
  24. "Country Size and Tax Competition for Foreign Direct Investment", 71 (1999)
  25. "The Impact of Multinational Corporations on a Developing Country: A Trade Off in the Long Run?", 6(1), pp.101~112 (1997)
  26. "The Effect of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies" (1999), Catholic University of Leuven
  27. "Competition for Foreign Direct Investment in the Product Cycle", 13 (2001)
  28. "Wages, Productivity, and Foreign Direct Investment Flows", 33(2), pp.419~426 (1999)
  29. "Affiliates of U and Japanese Multinationals in East Asian Production and Trade", 7292 (1999)
  30. "The Impact of Foreign Direct Investment on Labor Productivity in the Chinese Electronics Industry", 10 (2001)
  31. "Foreign Direct Investment as a Catalyst for Industrial Development", 43 (1999)
  32. "The Product Cycle Model of Foreign Direct Investment and Developing Country Welfare", 6, pp.297~311 (2000)
  33. "On the Welfare Effects of Foreign Investment", 54, pp.411~427 (2001)
  34. "Gains from FDI Inflows with Incomplete Information", 78, pp.71~77 (2003)
  35. "Foreign Entry and Domestic Welfare", 134(2) (1998)
  36. "Capital Flows, FDI, and Technology Spillovers: Evidence from Arab Countries", 29(12), pp.2111~2125 (2001)
  37. "Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages", 2923 (2002)
  38. "Entry Strategies of MNCs and Host Countries", 133 (2001)
  39. "Foreign Direct Investment and Income Inequality: Further Evidence", 23(3), pp.469~486 (1995)
  40. "Bilateral Investment Treaties 1959-1999" (2000), UNCTAD

관련 논문AI추천

Economic Development and Foreign Direct Investment: A Case Study of Japan and KoreaJungdongPark한국비교경제학회 · 비교경제연구2002 · 제9권 제2호The Internationalization and Performance of Korean and Japanese Firms: An Empirical Analysis Based on Micro-Data권혁욱, Kyoji Fukao, Sanghoon Ahn경제연구소 · Seoul Journal of Economics2004 · 제17권 제4호The Effects of Multinational Enterprises Investment in the Nontraded Sector of Developing EconomiesAbera Gelan경제연구소 · Journal of Economic Development2004 · 제29권 제2호The Impacts of Foreign Ownership on the Productivity of Korean Manufacturing Firms강성진한국경제학회 · The Korean Economic Review2005 · 제21권 제1호Do domestic firms benefit from FDI?: evidence from Korean manufacturing industries김태승, 이진국, 하헌구정석물류통상연구원 · Journal of International Logistics and Trade2008 · 제6권 제2호Long Run Equilibrium Relationship Between Inward FDI and Productivity이광훈경제연구소 · Journal of Economic Development2007 · 제32권 제2호

이 간행물의 다른 논문 (8건)

Parameter Heterogeneity in the Neoclassical Growth Model: A Quantile Regression ApproachGiorgio Canarella, Stephen Pollardpp. 1-32Stock Market Development and Economic Growth: The Causal LinkagePeter G, A Howells, Guglielmo Maria Caporale, Alaa M. Solimanpp. 33-50Product Quality, Income Inequality and Market StructureTanmotee Chatterjee, Ajitava Raychaudhuripp. 51-84Exchange Rate Fluctuations and Economic Activity in Developing Countries: Theory and EvidenceMagda Kandilpp. 85-108FTAA, Output Adjustments, and Income Redistribution in a Small Open Economy: The Case of PeruHugo Toledopp. 109-122
원문 보기