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  • International Business Case Study

    Transféré par

    Saher Imtiaz
    548 vues15 pages
    This document examines how local participation affects productivity spillovers from foreign direct investment in Romania. It reviews literature on spillover channels at the industry and firm level. The study uses data on over 74,000 Romanian firms to estimate the relationship between foreign ownership proxies and total factor productivity. Baseline results show that vertical spillovers are positive for shared foreign affiliates but negative for wholly-owned, while horizontal spillovers are negative for both. Extensions look at different firm types, trade orientation, regions, and sectors. The conclusion compares spillovers from wholly-owned and partially-owned foreign firms and considers the implications for restrictions on foreign investment.

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    case study "to share or not to share ; does local participation helps in the spillover from FDI"

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    international business case study ppt.

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    This document examines how local participation affects productivity spillovers from foreign direct investment in Romania. It reviews literature on spillover channels at the industry and firm level. The study uses data on over 74,000 Romanian firms to estimate the relationship between foreign ownership proxies and total factor productivity. Baseline results show that vertical spillovers are positive for shared foreign affiliates but negative for wholly-owned, while horizontal spillovers are negative for both. Extensions look at different firm types, trade orientation, regions, and sectors. The conclusion compares spillovers from wholly-owned and partially-owned foreign firms and considers the implications for restrictions on foreign investment.

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    © All Rights Reserved
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    548 vues15 pages

    International Business Case Study

    Transféré par

    Saher Imtiaz
    This document examines how local participation affects productivity spillovers from foreign direct investment in Romania. It reviews literature on spillover channels at the industry and firm level. The study uses data on over 74,000 Romanian firms to estimate the relationship between foreign ownership proxies and total factor productivity. Baseline results show that vertical spillovers are positive for shared foreign affiliates but negative for wholly-owned, while horizontal spillovers are negative for both. Extensions look at different firm types, trade orientation, regions, and sectors. The conclusion compares spillovers from wholly-owned and partially-owned foreign firms and considers the implications for restrictions on foreign investment.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 15

    TO SHARE OR NOT TO SHARE;

    DOES LOCAL PARTICIPATION


    MATTERS IN THE SPILLOVER FROM
    FDI
    INTRODUCTION
    AIM OF THE RESEARCH
    AN OVERVIEW OF THE TOPIC
    TYPES OF INDUSTY
    STRUCTURE OF FIRM
    PROBLEM STATEMENT
    TYPE OF RESEARCH
    QUANTITATIVE
    REASONS
    LITERATURE REVIEW
    SPILLOVER CHANNELS
    INDUSTRY LEVEL DATA
    BLOMSTRON (1989)
    FIRM LEVEL DATA
    HADDAD & HARRISON (1993) MOROCCO
    AITKEN & HARRISON (1999) VENEZUELA
    DJANKOV & HOEKMAN (2004)
    KONINGS (2001) POLAND, ROMANIA
    JAVORCIK (2004) LITHUANIA






    CONTD
    HOW CAN THE OWNERSHIP
    STRUCTURE AFFECT FDI
    SPILLOVER
    UNCTAD 2003, BLOMSTROM &
    SJOHOLM
    RAMACHARANDRAN
    UNCTC 2001
    VARIABLES
    INDUSTRY PRODUCTIVITY (DV)
    WHOLLY OWNED FOREIGN
    AFFILIATES (IV)
    JOINTLY OWNED FOREIGN
    AFFILIATED (IV)
    KNOWLEDGE SPILL OVER (IVV)

    MODEL
    WHOLLY OWNED
    FOREIGN AFFILIATES
    (IV)
    JOINTLY OWNED
    FOREIGN AFFILIATES
    (IV)
    PRODUCTIVITY OF FIRMS
    (HORIZONTAL/VERTICAL)
    (DV)
    KNOWLEDGE
    SPILLOVER
    (IVV)
    METHODOLOGY
    FDI IN ROMANIA
    DATA DESCRIPTION
    AMADEUS COMPILED BY BUREAU VAN
    DIJK
    ROMANIAN CHAMBER OF COMERCE
    INPUT OUTPUT MATRICES (IO MATRICES)
    UN COMTRADE DATABASE

    RESEARCH DESIGN
    SAMPLING
    INITIALLY 74177 FIRMS
    DATA COLLECTION
    3 STEP PROCESS

    EMPIRICAL ANALYSIS
    TWO STEP PROCESS
    TOTAL FACTOR PRODUCTIVITY ESTIMATION (TFP)
    COBB- DOUGLAS LOG LINEAR TRANSFORMATION
    ln Yit = + K ln Kit + L ln Lit + M Mit + it
    TRANSLOG SPECIFICATION
    ln Yit = a + K ln Kit + L ln Lit + M Mit + KK ln Kit^2+ LL ln
    Lit^2 + MM Mit^2+ KL ln Kit ln Lit+ KM ln Kit ln Mit + LM ln
    Lit Mit + it
    SEMI PARAMETRIC APPROACH
    TO RELATE FOREIGN PROXIES WITH ESTIMATED
    TFP
    ln TFPit = 0 + 1 Horizontal_sharedjt+ 2
    Horizontal_100%_foreignjt + 3Vertical_sharedjt+
    4Vertical _100%_foreignjt + 5Concentrationjt+
    5ln Importsjt + j + r + t + uit
    BASELINE RESULTS
    OLS Trans-
    log
    LP OLS

    Trans-
    log
    LP OLS

    Trans-
    log
    LP
    Vertical
    shared
    0.650

    0.746

    0.814 - - - 0.684

    0.783

    0.850

    Vertical 100%
    foreign
    -0.115

    -0.049

    0.007

    - - - -0.154

    -0.091

    -0.035

    Horizontal
    shared
    - - - -0.220

    -0.238

    -0.236

    -0.243

    -0.263

    -0.263

    Horizontal
    100% foreign
    -0.442

    -0.478

    -0.476

    -0.466

    -0.504

    -0.502

    Concentration -1.277 -1.131 -1.202 -0.940 -0.741 -0.792 -0.959 -0.788 -0.861
    ln Imports -0.082 -0.084 -0.100 -0.061 -0.060 -0.074 -0.078 -0.079 -0.095
    Extensions and Robustness Checks
    TYPES
    FIRM PERFORMANCE
    TRADE ORIENTATION
    Sector
    leaders
    Other firms Dynamic
    export growth
    Domestic
    market
    oriented
    Vertical shared 1.114 0.626 0.210 1.342
    Vertical 100% foreign -0.292 0.028 0.042 -0.839
    Horizontal shared -0.118 -0.257 0.177 -0.546
    Horizontal 100%
    foreign
    -0.204 -0.557 0.156 -1.426
    Regional-level Spillover Proxies
    TYPES Other regions Own regions Both
    Vertical shared other regions 0.742 0.765 0.730 0.749
    Vertical 100% foreign other
    regions
    0.032 0.007 0.033 0.011
    Vertical shared own region 0.160 0.172 0.072 0.078
    Vertical 100% foreign own
    region
    -0.141 -0.151 -0.16 -0.165
    Horizontal shared other
    regions
    -0.073 -0.09 -.070 -0.088
    Horizontal 100% foreign
    other regions
    -0.327 -0.34 -0.32 -0.343
    Horizontal shared own
    region
    -0.006 -0.008 -.011 -0.013
    Horizontal 100% foreign own
    region
    -0.067 -0.075 -.067 -0.071
    CONCLUSION
    COMPARISSON OF HORIZONTAL
    &VERTICAL SPILLOVER WITH
    WHOLLY AND PARTIALLY OWNED
    FIRMS
    TWO REASONS FOR EXPECTATION
    HYPOTHESIS FINDING
    RESTRICTION ON FDI ??
    THANKYOU

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