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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP7066 |
DP7066 Public goods, participation constraints, and democracy: A possibility theorem | |
Hans Peter Grüner | |
发表日期 | 2008-12-01 |
出版年 | 2008 |
语种 | 英语 |
摘要 | Using a unique data set from the Czech Republic for 1994-2003, this study examines the relationship between a firm?s liquidity constraints and its supply linkages with multinational corporations (MNCs). The empirical analysis indicates that Czech firms supplying MNCs are less credit constrained than non-suppliers. A closer inspection of the timing of the effect, however, suggests that this result is due to less constrained firms self-selecting into becoming MNC suppliers rather than the benefits derived from the supplying relationship. As recent literature finds that productivity spillovers from foreign direct investment (FDI) are most likely to take place through contacts between MNCs and their local suppliers, our finding suggests that well-developed financial markets may be needed in order to take full advantage of the benefits associated with FDI inflows. |
主题 | International Trade and Regional Economics |
关键词 | Cash flow Fdi spillovers Foreign direct investment Liquidity constraints |
URL | https://cepr.org/publications/dp7066 |
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/535903 |
推荐引用方式 GB/T 7714 | Hans Peter Grüner. DP7066 Public goods, participation constraints, and democracy: A possibility theorem. 2008. |
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