Are There Productivity Spillovers from Foreign Direct Investment in China? PDF Download
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Author: Galina Hale
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
We review previous literature on productivity spillovers of foreign direct investment (FDI) in China and conduct our own analysis using a firm-level data set from a World Bank survey. We find that the evidence of FDI spillovers on the productivity of Chinese domestic firms is mixed, with many positive results largely due to aggregation bias or failure to control for endogeneity of FDI. Attempting over 2500 specifications which take into account forward and backward linkages, we fail to find evidence of systematic positive productivity spillovers from FDI.
Author: Galina Hale
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
We review previous literature on productivity spillovers of foreign direct investment (FDI) in China and conduct our own analysis using a firm-level data set from a World Bank survey. We find that the evidence of FDI spillovers on the productivity of Chinese domestic firms is mixed, with many positive results largely due to aggregation bias or failure to control for endogeneity of FDI. Attempting over 2500 specifications which take into account forward and backward linkages, we fail to find evidence of systematic positive productivity spillovers from FDI.
Author: Ziliang Deng
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Cheryl Long
Publisher: World Scientific
ISBN: 9814340413
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
This book provides a comprehensive analysis of the effects that foreign direct investment into China has had on the productivity, exporting activity, and innovation of Chinese domestic firms, as well as on the nation''s labor markets. The analysis relies on the most complete data available and state-of-the-art statistical analysis. The book also includes a critical overview of existing theoretical and empirical literature on these issues and is meant to provide guidance to researchers in the area of FDI effects in general, as well as those interested in studying the Chinese economy.
Author: Jianhong Qi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Economic theory posits numerous channels through which FDI might create positive spillovers for domestic firms. However, the results of empirical studies that have sought to document these spillovers have been mixed. One explanation for this variation is that the capacity of domestic firms to absorb spillovers might vary. In the present paper, we explore these issues in the case of China. Aside from being one of the world's leading hosts of foreign direct investment, China makes for an interesting case study because its provinces vary greatly with respect to those factors most commonly held to influence absorptive capacity, such as the initial level of technology in domestic firms. This paper begins by empirically establishing that the spillovers from foreign direct investment do indeed vary across provinces. Threshold values for various factors that influence absorptive capacity factors are then estimated and it is found that conditions in many provinces presently fall short of these values. This provides an obvious focus of attention for China's policy-makers.
Author: Ziliang Deng
Publisher: Routledge
ISBN: 113667263X
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
This book provides an insightful exploration of whether foreign direct investment (FDI) can promote the productivity of domestic enterprises. The book is based on a series of dedicated research conducted in the context of the Chinese economy, which has been the largest FDI host among the developing economies since 1993. The main themes of this book are (a) based on the latest literature and first-hand research, outlining possible mechanisms through which foreign direct investment could promote the productivity of domestic enterprises; (b) developing a comprehensive research framework to quantify the spillover effects with cutting-edge methodology; (c) constructing a decision support system for evaluating FDI policy reforms with advanced computer simulation techniques; (d) evaluating the broader impact of FDI spillovers on banking system and trade pattern. The book examines topical economic issues in the contemporary world economy from innovative perspectives, namely, how the presence of multinational enterprises has been one of the most important microeconomic drivers for the Chinese economy, how foreign banks have helped to enable Chinese banking system survive the global financial crisis, and how the domestic enterprises have learned to do exports from multinational affiliates and have changed the landscape of U.S.-Asian trade. The book incorporates the latest development of economic theory as well as computational economics model.
Author: P. Buckley
Publisher: Springer
ISBN: 0230248322
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
China has become such an important element of the global economy that its influence cannot be ignored in almost any field of endeavour. The phenomenal impact of FDI in China and its (largely trade-related) consequences has been well documented and now there is a significant literature on the phenomenon of outward investment from China too. This book is an in depth study of the international business relationships of China covering both inward and outward foreign direct investment, its impact and related theoretical and policy issues. This volume of highly renowned author Peter Buckley's collected papers from 2005-8 continues his interest in the theory of international business (Section I) and policies towards foreign direct investment (FDI) (Section IV) but has a major concentration on China, both as regards outward foreign direct investment (OFDI) from China (Section II) and FDI in China (Section III).
Author: Ms.Wanda Tseng
Publisher: International Monetary Fund
ISBN: 1451974175
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of infrastructure, and government policies. FDI has contributed to higher investment and productivity growth, and has created jobs and a dynamic export sector. China's success, however, did not come without some pitfalls: an increasingly complex tax incentive system and growing regional income disparities. Accession to the WTO should broaden China's "opening up" policies and continue FDI's contributions to China's economy in the future.
Author: Chunlai Chen
Publisher: Edward Elgar Publishing
ISBN: 1781001146
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
'For readers looking for a comprehensive rigorously quantitative analysis of foreign direct investment (FDI) in China, there is no better work than Chunlai Chen's Foreign Direct Investment in China. In the book he analyzes a wide range of issues ranging from the contribution of FDI to China's growth to why FDI is concentrated in certain Chinese provinces and not others. Readers with an economics or statistical background will get the most out of the book, but it is accessible and informative for many others.' Dwight H. Perkins, Harvard University, US Foreign Direct Investment in China is one of the most comprehensive studies of FDI in China and provides a remarkable background of information on the evolution of China's FDI policies over the last 30 years. Chunlai Chen presents a compelling and thorough analysis of the leading theoretical explanations of FDI and a series of rigorous empirical examinations of the location determinants of FDI. He examines a comprehensive analysis of the differences in investment and production behaviour between the major investors as well as an in-depth investigation of the impacts of FDI on China's economy. This book is a highly focused and unique work of theoretical analysis and empirical study of FDI in China. It is a valuable and important reference for scholars and students who are interested in FDI in general and in Chinese economic studies in particular.
Author: Luosha Du
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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Book Description
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: Xiao Wang
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
We distinguish the heterogeneous productivity spillovers from foreign direct investment (FDI) at the firm level. Based on a multi-sector production model, we construct a firm-level distance statistic that measures a domestic firm's access to intermediate inputs that are produced by upstream foreign-owned firms. We then estimate the gravity of intermediate inputs -- a domestic firm enjoys a higher productivity if it gains access to more inputs sold by FDI firms (general productivity-enhancing effect) and it is geographically closer to upstream FDI firms (proximity effect). Using the Chinese firm data between 2000 and 2007, we exploit the FDI-encouraging policy shock that changes upstream FDI firms' entry, exit, and market share, and thus affects the firm-level distance statistic exogenously. We find empirical supports that (i) if a domestic firm's FDI input share increases by 1 percentage point, its productivity increases by 2.15%, and (ii) if this firm's weighted average distance to upstream FDI firms is 10% greater than an otherwise identical firm, its productivity is 1.42% lower.
