全球智库信息集成服务系统(G2TT): DP4890 Party Governance and Political Competition with an Application to the American Direct Primacy

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4890
	DP4890 Party Governance and Political Competition with an Application to the American Direct Primacy
	Micael Castanheira; Benoît SY Crutzen; Nicolas Sahuguet
发表日期	2005-02-23
出版年	2005
语种	英语
摘要	A short review of the theoretical and empirical evidence indicates that foreign direct investment (FDI) has the potential to increase the intensity of competition as well as to act as a channel for technology transfers. One would expect, all else equal, an increase in average firm performance following a wave of FDI, as multinational corporations (MNCs) enjoy higher levels of efficiency and have the potential to generate positive spillovers. At the same time, the entry of foreign firms has also been associated with an increase in competitive pressure on the domestic market. Using a large firm level dataset covering all sectors of Spanish manufacturing during the period 1983-96, we disentangle these three effects by estimating a dynamic model of firm level performance, which we proxy by profitability. We find that FDI has a positive long-run effect on the profitability of target firms, but this is limited to firms belonging to R&D intensive sectors. In addition, the results indicate that foreign presence dampens margins. However, this effect appears to be more than compensated by positive spillovers in the case of knowledge intensive industries.
主题	Industrial Organization ; International Trade and Regional Economics
关键词	Foreign direct investment Technology transfer Efficiency Competition Panel data Gmm
URL	https://cepr.org/publications/dp4890
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/533794
推荐引用方式 GB/T 7714	Micael Castanheira,Benoît SY Crutzen,Nicolas Sahuguet. DP4890 Party Governance and Political Competition with an Application to the American Direct Primacy. 2005.