Do Institutions Matter for FDI Spillovers? The Implications of China's "Special Characteristics"

Do Institutions Matter for FDI Spillovers? The Implications of China's Author:
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Languages : en
Pages : 0

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Do Institutions Matter for FDI Spillovers? The Implications of China's "Special Characteristics"

Do Institutions Matter for FDI Spillovers? The Implications of China's Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Do Institutions Matter for FDI Spillovers?

Do Institutions Matter for FDI Spillovers? PDF 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.

Do institutions matter for FDI spillovers? : the implications of China's "special characteristics"

Do institutions matter for FDI spillovers? : the implications of China's Author: Luosha Du
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 65

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Book Description
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

Do Institutions Matter for FDI Spillovers? The Implications of China'S"Special Characteristics"

Do Institutions Matter for FDI Spillovers? The Implications of China'S 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.

Foreign Direct Investment and the Chinese Economy

Foreign Direct Investment and the Chinese Economy PDF Author: Chunlai Chen
Publisher: Edward Elgar Publishing
ISBN: 1785369733
Category : China
Languages : en
Pages : 201

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Book Description
Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Making Foreign Direct Investment Work for Sub-Saharan Africa PDF 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.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Making Foreign Direct Investment Work for Sub-Saharan Africa PDF Author: Thomas Farole
Publisher: World Bank Publications
ISBN: 1464801274
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.

FDI Qualities Policy Toolkit

FDI Qualities Policy Toolkit PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264606890
Category :
Languages : en
Pages : 196

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Book Description
Foreign direct investment (FDI) is an important source of finance for governments looking to meet global commitments on sustainable development. The FDI Qualities Policy Toolkit complements the OECD Policy Framework for Investment by providing more detailed and tailored guidance on priorities for policy and institutional reforms.

Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy

Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy PDF Author: Zakaria, Norhayati
Publisher: IGI Global
ISBN: 1466698071
Category : Business & Economics
Languages : en
Pages : 475

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Book Description
The growth of global commerce depends on many different factors and strategies in order for multinational corporations to efficiently compete and thrive in the international marketplace. In addition to business strategies, corporations must also be aware of political affairs that may impact their global economic status. The Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy features dual perspectives on the business and political viewpoints for nations striving to maintain their economic standing in the era of globalization. Providing insight into various economic factors impacting global businesses and international affairs, this publication is a critical reference source for students, policymakers, international diplomats, researchers, scholars, and practitioners interested in financial challenges in the era of globalization.

Developing China: The Remarkable Impact of Foreign Direct Investment

Developing China: The Remarkable Impact of Foreign Direct Investment PDF Author: Michael J. Enright
Publisher: Taylor & Francis
ISBN: 1315393336
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
The importance of foreign investment to China goes well beyond the USD 1.6 trillion in investment received since its opening. The unique analysis in this book shows that the investments, operations, and supply chains of foreign enterprises have accounted for roughly one-third of China’s GDP in recent years, and that foreign enterprises have made numerous additional contributions to China through technological, managerial, business practice, supply chain, and other spillovers. This book shows how China’s leaders managed this process and provides lessons for policy makers interested in building their own economies and tools for companies to demonstrate their contribution to host countries.