| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3490 |
| DP3490 Defining Benchmark Status: An Application using Euro-Area Bonds | |
| Michael Moore; Peter G Dunne; Richard Portes | |
| 发表日期 | 2002-08-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics and food industries. Our results show that foreign establishments tend to have lower returns to scale than their domestic counterparts. We also examine the effect of the acquisition of a domestic establishment by a foreign owner on returns to scale and productivity growth. We use a matching and difference-in-differences methodology which allows us to construct a reasonable counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of acquisition, rather than to changes in other external conditions. In both sectors, acquisition has a negative effect on RTS, although the effect appears stronger in the food sector. The effect of foreign acquisition on productivity differs between sectors; establishments in the electronics sector experience a reduction in productivity post acquisition, while plants in the food sector increase productivity. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Returns to scale Foreign direct investment Acquisitions Productivity |
| URL | https://cepr.org/publications/dp3490 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532505 |
| 推荐引用方式 GB/T 7714 | Michael Moore,Peter G Dunne,Richard Portes. DP3490 Defining Benchmark Status: An Application using Euro-Area Bonds. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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