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access) on facilitating knowledge spillover and quality upgrading. Our context is the Chinese automobile industry, where … similarity in quality strength compared to non-affiliated pairs. The results suggest that quid pro quo spurs additional knowledge …
Persistent link: https://www.econbiz.de/10012481192
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...
Persistent link: https://www.econbiz.de/10012469199
The institution and enforcement of property rights and contracts have been an important policy issue for the developing countries, the transition economies, and the developed countries in the 1990s. This has led to the development of a literature on technology transfer and how property rights...
Persistent link: https://www.econbiz.de/10012472357
This paper develops a model in which international technology transfer through foreign direct investment emerges as an endogenized equilibrium phenomenon, resulting from the strategic interaction between subsidiaries of multinational corporations and host country firms. The model explicitly...
Persistent link: https://www.econbiz.de/10012476090
Despite competition concerns over the increasing dominance of global corporations, many argue that productivity spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction data in a developed country to examine the impact of...
Persistent link: https://www.econbiz.de/10014250146
matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese … production stages conducted in China over the 1992-2014 period, both in the aggregate and within firms over time. Firms span more … profit margins. We rationalize these patterns with a stylized model of the firm lifecycle with complementarity between the …
Persistent link: https://www.econbiz.de/10012481098
The unexpected outbreak of the U.S.-China trade war led to dramatic increases in the import and export tariffs … confronting Chinese firms. Due to firm-level differences in trade engagement, customs trade data combined with tariff changes …-in-differences examination of these firm-level data reveals that trade war increases in U.S. tariffs and Chinese retaliatory tariffs both raised …
Persistent link: https://www.econbiz.de/10012482140
This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...
Persistent link: https://www.econbiz.de/10012463861
Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in-in acquisitions and in-in acquisitions by domestic outsiders. In fact, in the manufacturing sector, the return on assets even deteriorated one year and two years after...
Persistent link: https://www.econbiz.de/10012466243
In recent years, international capital flows of all types have increased dramatically and most governments have been actively encouraging inflows of direct investment. However, concerns remain that reliance on foreign multinationals may be a risky development strategy as foreign firms are likely...
Persistent link: https://www.econbiz.de/10012468657