外商直接投資外文翻譯-其他專業(yè)-在線瀏覽
2025-03-24 08:56本頁面
【正文】 g industries. This pattern can be found at the national as well as at the regional level. It holds for both best performers in each sector as well as for firm exhibiting lesser performance. The presence of joint ventures in downstream sectors benefits domestic firms but has no effect on foreign affiliates. III3 In contrast to the vertical effects, the presence of FDI appears to have a negative effect on the performance of local firms operating in the same sector. As argued by Aitken and Harrison (1999), this may be due to the fact that local producers lose part of their market share to foreign entrants and thus are forced to spread their fixed cost over a smaller volume of production. The empirical literature suggests that the negative petition effect outweighs the positive effect of knowledge spillovers in developing countries (Aitken and Harrison, 1999, Djankov and Hoekman, 2021 and Konings, 2021). If greater knowledge dissipation tends to be associated with jointly owned FDI projects, we would expect that FDI with shared ownership has a less negative effect on local producers than do wholly owned foreign projects. Our findings are consistent with this expectation, as in all specifications we find the anticipated pattern. The difference between the magnitudes of the two coefficients is statistically significant for sectors with domesticmarket orientation, in the subsample of foreign firms and in the regressions focusing on regional spillovers. While our findings are consistent with the existence of externalities associated with FDI, a word of caution is in order. We use the term ‖spillovers‖ very broadly as our methodology does not allow us to distinguish between pure knowledge externalities, the benefits of scale economies that may be enjoyed by suppliers to multinationals or the effects of increased petition resulting from foreign entry into the product market. More work is certainly needed to fully understand the effects of FDI inflows on host countries. Our findings should not be interpreted as suggesting that restrictions on the extent of foreign ownership are desirable, as such restrictions may lead to lower overall FDI inflows and have other implications not addressed in our analysis. There exist other policies that could potentially be used to facilitate local sourcing by multinationals, such as improvements to the business climate or supplier development programs that assist local producers in learning how to satisfy requirements of foreign buyers. In any case, more research is needed to enhance our understanding of host country conditions facilitating knowledge spillovers from foreign direct investment and the role government policies may play in this area. III4 能 分享還是無分享：地方參與真的能從外商直接投資中獲得溢出嗎？ 作者：比阿塔 III1 外文翻譯之一 To share or not to share: Does local participation matter for spillovers from foreign direct investment? Author(s)： Beata Smarzynska Javorcik and Mariana Spatareanu Nationality： . Source： ―To share or not to share: Does local participation matter for spillovers from foreign direct investment?‖ Journal of Development Economics, Article in press 1. Introduction Although domestic equity ownership re
研究報告相關(guān)推薦
鄂ICP備17016276號-1