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Languages : en
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Author: Luosha Du
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ISBN:
Category : Economics
Languages : en
Pages : 65
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Abstract: A number of recent studies examine productivity spillovers from foreign direct investment (FDI) to China's domestic industrial enterprises. This study goes further by investigating the implications of institutions for the nature of productivity spillovers during 1998-2007. We examine three institutional features that comprise aspects of China's â??special characteristicsâ??: (1) the different sources of FDI, where FDI is nearly evenly divided between mostly Organization for Economic Co-operation and Development (OECD) countries and the region known as â??Greater Chinaâ??, consisting of Hong Kong, Taiwan, and Macau; (2) China's heterogeneous ownership structure, involving state- (SOEs) and non-state owned (non-SOEs) enterprises, firms with foreign equity participation, and non-SOE, domestic firms; and (3) industrial promotion via tariffs or through tax holidays to foreign direct investment. We also explore how productivity spillovers from FDI changed with China's entry into the WTO in late 2001. We find robust positive and significant spillovers to domestic firms via backward linkages (the contacts between foreign buyers and local suppliers). Our results suggest varied success with industrial promotion policies. Final goods tariffs as well as input tariffs are negatively associated with firm-level productivity. However, we find that productivity spillovers were higher from foreign firms that paid less than the statutory corporate tax rate
Author: Luosha Du
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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A number of recent studies examine productivity spillovers from foreign direct investment (FDI) to China's domestic industrial enterprises. This study goes further by investigating the implications of institutions for the nature of productivity spillovers during 1998-2007. We examine three institutional features that comprise aspects of China's "special characteristics": (1) the different sources of FDI, where FDI is nearly evenly divided between mostly Organization for Economic Co-operation and Development (OECD) countries and the region known as "Greater China", consisting of Hong Kong, Taiwan, and Macau; (2) China's heterogeneous ownership structure, involving state- (SOEs) and non-state owned (non-SOEs) enterprises, firms with foreign equity participation, and non-SOE, domestic firms; and (3) industrial promotion via tariffs or through tax holidays to foreign direct investment. We also explore how productivity spillovers from FDI changed with China's entry into the WTO in late 2001. We find robust positive and significant spillovers to domestic firms via backward linkages (the contacts between foreign buyers and local suppliers). Our results suggest varied success with industrial promotion policies. Final goods tariffs as well as input tariffs are negatively associated with firm-level productivity. However, we find that productivity spillovers were higher from foreign firms that paid less than the statutory corporate tax rate.
Author: Luosha Du
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
The authors investigate how institutions affect productivity spillovers from foreign direct investment (FDI) to China's domestic industrial enterprises during 1998-2007. They examine three institutional features that comprise aspects of China's "special characteristics" : (1) the different sources of FDI, where FDI is nearly evenly divided between mostly Organization for Economic Co-operation and Development (OECD) countries and Hong Kong (SAR of China), Taiwan (China), and Macau (SAR of China); (2) China's heterogeneous ownership structure, involving state- (SOEs) and non-state owned (non-SOEs) enterprises, firms with foreign equity participation, and non-SOE, domestic firms; and (3) industrial promotion via tariffs or through tax holidays to foreign direct investment. The authors also explore how productivity spillovers from FDI changed with China's entry into the WTO in late 2001. They find robust positive and significant spillovers to domestic firms via backward linkages (the contacts between foreign buyers and local suppliers). The results suggest varied success with industrial promotion policies. Final goods tariffs as well as input tariffs are negatively associated with firm-level productivity. However, they find that productivity spillovers were higher from foreign firms that paid less than the statutory corporate tax rate.
Author: Thomas Farole
Publisher: World Bank Publications
ISBN: 1464801266
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.
Author: Vittorio Daniele
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
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The paper analyses the underpinning factors of foreign direct investments towards the MENA countries. Our main interpretative hypothesis is based on the significant role of the quality of institutions in order to attract FDI. In MENA experience the growth of FDI flows proved to be notably inferior to that recorded in the EU or in Asian economies, such as China and India. Our research, firstly, stresses three major factors for such a poor performance:i) the small size of local markets and the lack of real economic integration;ii) the changes in the scenario of international competition;iii) economic and trading reforms in the MENA have been slow and mostly insufficient.Using the Kaufmann, Kraay and Mastruzzi (2005) governance indicators, we examine the role of quot;institutional qualityquot; on FDI through a regression analysis. Our analysis shows that institutions play an important role in the relative performances of countries in attracting FDI. Lastly, data on institutional quality and business climate show the relative disadvantages of MENA. Our paper suggests that MENA countries require deep institutional reforms in order to improve their attractiveness in terms of FDI.
Author: N. Pain
Publisher: Palgrave Macmillan
ISBN: 9780333925362
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
This collection of papers from the NIESR conference at the British Academy identifies the channels through which inward investment can affect host economies, and provides quantitative evidence on the extent to which inward investment has acted to shape the size and structure of industrialised economies over the last decade. Leading authors in the fields of international investment and the behaviour of national and multinational firms combine innovative methodologies and firm-level data to enable empirical evaluation of the impact of inward investment. Detailed studies of aspects of inward investment in the UK are put into context through a review of existing literature and by comparison of UK developments to those experienced by French, Italian, German and US economies.
Author: Marin Marinov
Publisher: Springer
ISBN: 1137472286
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
Experiences of Emerging Economy Firms investigates the different elements of the experiences of emerging economy firms and sheds essential light on a large variety of aspects associated with their functioning in both home and host contexts.
Author: Laura Alfaro
Publisher: International Monetary Fund
ISBN: 1451859481
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.
Author: Elise Wendlassida Miningou
Publisher: International Monetary Fund
ISBN: 1475590237
Category : Business & Economics
Languages : en
Pages : 23
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This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it focuses on the external efficiency and applies a frontier-based measure as a proxy of the ability of countries to optimally convert the average years of schooling into income for individuals. Second, it shows the relationship between the external efficiency of the education system and FDI inflows by applying GMM regression technique. The results show that the efficiency level varies across regions and countries and appears to be driven by higher education and secondary vocational education. Similarly to other studies in the literature, there is no significant relationship between the average years of schooling and FDI inflows. However, this study shows that the external efficiency of the education system is important for FDI inflows. Improving the external efficiency of the education system can play a role in attracting FDI especially in non-resource rich countries, nonlandloked countries and countries in the low and medium human development groups.
