| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12978 |
| DP12978 What is a foreign firm? Implications for productivity spillovers | |
| Sara McGaughey; Pascalis Raimondos | |
| 发表日期 | 2018-06-07 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | When searching for productivity spillovers from foreign firms, a firm is typically classified as foreign using a low threshold of direct foreign ownership. Instead, we advocate an `ultimate owner' definition because (i) ultimate ownership includes indirect ownership links that are prevalent in our complex, interdependent world; and (ii) it confers control. Control brings greater willingness to transfer knowledge to foreign affiliates but, paradoxically, also greater potential for spillovers. Adopting this alternate definition of what is foreign turns out to be pivotal for identifying spillovers: while we find no horizontal productivity effects using the low threshold direct ownership definition, we find positive and significant effects under the ultimate-owner definition. Moreover, we find evidence that indirectly controlled foreign firms exert the most persistent horizontal spillovers to domestic firms. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Foreign direct investment Direct vs. ultimate owner Indirect ownership links Control vs influence Productivity spillovers |
| URL | https://cepr.org/publications/dp12978 |
| 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/541786 |
| 推荐引用方式 GB/T 7714 | Sara McGaughey,Pascalis Raimondos. DP12978 What is a foreign firm? Implications for productivity spillovers. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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