全球智库信息集成服务系统(G2TT): DP13810 Good for the Environment, Good for Business: Foreign Acquisitions and Energy Intensity

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP13810
	DP13810 Good for the Environment, Good for Business: Foreign Acquisitions and Energy Intensity
	Arlan Brucal; Beata Javorcik; Inessa Love
发表日期	2019-06-19
出版年	2019
语种	英语
摘要	The link between foreign ownership and environmental performance remains a controversial issue. This paper contributes to our understanding of this subject by analyzing the impact of foreign acquisitions on plant-level energy intensity. The analysis applies a difference-in-differences approach combined with propensity score matching to the data from the Indonesian Manufacturing Census for the period 1983-2001 (or 1983-2008 in robustness checks). It covers 210 acquisition cases where an acquired plant is observed two years before and at least three years after an ownership change and for which a carefully selected control plant exists. The results suggest that while foreign ownership increases the overall energy usage due to expansion of output, it decreases the plant's energy intensity. Specifically, acquired plants reduce energy intensity by about 30% two years after acquisition, relative to the control plants. In contrast, foreign divestments tend to increase energy intensity. At the aggregate level, entry of foreign-owned plants is associated with industry-wide reduction in energy intensity.
主题	International Trade and Regional Economics
关键词	Fdi Foreign acquisition Foreign divestment Energy intensity Indonesia
URL	https://cepr.org/publications/dp13810
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/542684
推荐引用方式 GB/T 7714	Arlan Brucal,Beata Javorcik,Inessa Love. DP13810 Good for the Environment, Good for Business: Foreign Acquisitions and Energy Intensity. 2019.