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ID:20082844
大小:151.50 KB
页数:21页
时间:2018-10-09
《fdi and export performance - indian institute of technology, …外商直接投资与出口绩效的印度技术学院,…》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、21FOREIGNDIRECTINVESTMENTSPILLOVERSANDEXPORTPERFORMANCE–EVIDENCEFROMINDIANMANUFACTURINGINDUSTRYAFTERLIBERALIZATIONT.J.JosephPostDoctoralFellowatICFAIInstituteforManagementTeachers(IIMT),Hyderabad.V.NagiReddyProfessor,ICFAIInstituteforManagementTeachers(IIMT),Hyderabad.e-mail:tjjoseph@gmail.comAb
2、stractThespilloversfromforeigndirectinvestment(FDI)throughmultinationalenterprises(MNEs)haveattractedconsiderableattentioninrecenttimes.MNEs,withtheirtechnologicalandmanagerialskillsandknowledgeaboutinternationalmarketingconditions,areexpectedtoimprovetheproductivityaswellasexportperformanceofho
3、stcountryfirmsbycreatingcertainpositiveexternalitiesknownas‘spillovers’.SpilloverscantakeplacewhenthepresenceofMNEsimprovestheproductiveefficienciesofdomesticfirms,makingtheirproductsefficientinpriceandqualityintheinternationalmarketandthusimprovingtheirexportperformance.Suchspilloversmayoccurei
4、thertodomesticfirmsinthesameindustrygroupofforeignfirmsthroughcompetition,knownas‘horizontalspillovers’,ortofirmsintheupstreamsupplychainthroughbuyer-supplierlinkages,knownas‘backwardspillovers’.TheexistingempiricalstudiesonFDIspilloverslargelylookattheproductivityenhancingeffectsofsuchspillover
5、s.Thesestudiesmostlyexaminethehorizontalspilloversinthesameindustrysectorofforeignfirmsandignorethepossibilityofspilloversthroughbuyer-supplierorbackwardlinkages.Thepresentstudyexaminestheimpactofhorizontalaswellasbackwardspilloversfromthepresenceofforeignfirmsontheexportperformanceofdomesticfir
6、msinIndianmanufacturingindustryaftertheeconomicliberalizationof1991.UsingrobustregressionestimationmethodsthestudyhasnotfoundanysignificantspillovereffectsfromthepresenceofforeignfirmsontheexportperformanceofdomesticfirmsinIndianmanufacturingindustry.Theresultsalsoindicatethatdomesticfirmsarenot
7、benefitedinimprovingtheirexportperformancethroughanybuyer-supplierlinkageswiththeMNEs.ThestudyshowsthatIndiahasattractedmoredomesticmarketseekingFDIthanexport-orientedone.Keywords:Foreigndirectinvestment,multinationalenterpr
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