Location decision of heterogeneous multinational firms

被引:109
作者
Chen, Maggie Xiaoyang [1 ]
Moore, Michael O. [1 ]
机构
[1] George Washington Univ, Dept Econ, Elliott Sch, Inst Int Econ Policy, Washington, DC 20052 USA
关键词
Multinational firm; Location decision; Firm heterogeneity; Productivity; FDI; INVESTMENT; TRADE; PRODUCTIVITY; EXPORT; INTRAINDUSTRY; PERFORMANCE; SPILLOVERS; MARKET;
D O I
10.1016/j.jinteco.2009.08.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine how multinational firms with heterogeneous total factor productivity (TFP) self-select Into different host countries Both aggregate- and firm-level estimates suggest that more productive French firms are more likely than their less efficient competitors to invest in relatively tough host countries Countries with a smaller market potential, higher fixed costs of investment or lower import tariffs tend to have higher cutoff productivities and attract a greater proportion of productive multinationals. This self-selection mechanism remains largely robust when we control for unobserved firm and country heterogeneity and address potential TFP endogeneity (C) 2009 Elsevier B V All rights reserved
引用
收藏
页码:188 / 199
页数:12
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