spillovers foreign investment and export behavior

spillovers foreign investment and export behavior

ID:7296000

大小:1.72 MB

页数:30页

时间:2018-02-10

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1、INTEMATIONALECONOMICSELSVIERJournalofInternationalEconomics43(1997)103-132Spillovers,foreigninvestment,andexportbehaviorBrianAitken,GordonH.Hansonbd.*,AnnE.HarrisonCSdInternationalMonetaryFund,70019thStreet,NW,Washington,DC,USAhDepartmentofEconomics,UniversityofTexas,Austin,TX78712.USAColumbiaB

2、usinessSchool,615UrisHall,NewYork,NY10027,USANBER,Cambridge,MA,USAAbstractCasestudiesofexportbehaviorsuggestthatfirmsthatpenetrateforeignmarketsreduceentrycostsforotherpotentialexporters,eitherthroughlearningeffectsorestablishingcommerciallinkages.Weexaminewhetherspilloversassociatedwithonefirm

3、sexportactivityreducethecostofexportingforotherfirms.Weidentifytwosourcesofspillovers:exportproductioningeneralandthespecificactivitiesofmultinationals.Fromasimplemodelofexportbehaviorwederiveaprobitspecificationfortheprobabilitythatafirmexports.UsingpaneldataonMexicanmanufacturingplants,wefind

4、evidenceofspilloversfrommultinationalenterprisesbutnotfromgeneralexportactivity.Keywords:Multinationalenterprises;Geographicconcentrationofindustry;Exportpro-ductionJELclass$cation:F14;F231.IntroductionWhatexplainstheexportbehavioroffirms?Tradetheoryhaslittletosayaboutwhichfirmsinacountryexport

5、andwhichproduceforthedomesticmarket,andtherehasbeenlittleformalempiricalworkonthesubject.Anecdotalevidence,mostlyderivedfromcasestudiesindevelopingcountries,suggeststhattheprocess*Correspondingauthor.Tel.:517-475-8522;email:hanson@eco.u+utexas.eduTwoexceptionsareRobertsandTybout(1993)andBernard

6、andJensen(1995).bothofwhichexaminetheeffectofsunkcostsontheexport-supplydecision.0022-1996/97/$17.0001997ElsevierScienceB.V.AllrightsreservedPIISOO22-1996(96)01464-X104B.Aitkenetal.IJournalofInternationalEconomics43(1997)103-132ofbreakingintoforeignmarketsisfarfromtrivial(Morawetz,1981;Kessing,

7、1983).Oneofthemostspectacularcasestudiesofexportgrowth,thedevelopmentofgarmentexportersinBangladesh,suggeststhatinformationalexternalitiesarelikelytobeveryimportant.TheentryofoneKoreangarmentexporterinBangladeshleadtotheestablishm

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