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Foreign direct investment and the performance of indigenous firms in China's textile industry

机译:外国直接投资与中国纺织行业本土企业的表现

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摘要

This paper contributes to the debate on the effect of foreign direct investment (FDI) on indigenous firms in host economies. Using a Melitz-type theoretical model involving firm heterogeneity, we first show that FDI affects the revenue of indigenous firms, in both domestic and export markets, through a direct as well as indirect channel. In the presence of positive FDI-related productivity spillovers, the direct effect is positive but the indirect effect is negative. As the overall effect cannot be unambiguously determined, in stage two, we further investigate this issue by using firm level data from China's textile industry over the period 2005-07. We find that FDI in China's textile industry decreases (increases) the revenue of indigenous firms in the domestic (export) market. The empirical results are also robust across (i) alternative measures and (ii) sources of FDI.
机译:本文为关于外国直接投资(FDI)对所在经济体中的本地公司的影响的辩论做出了贡献。我们首先使用涉及公司异质性的梅利兹(Melitz)型理论模型,表明外国直接投资通过直接和间接渠道影响国内和出口市场上的本土公司的收入。在与外国直接投资有关的生产力外溢的情况下,直接影响是积极的,但间接影响是消极的。由于不能明确确定总体影响,因此在第二阶段,我们将使用中国纺织业在2005-07年间的公司数据进一步调查此问题。我们发现,中国纺织业的外国直接投资减少(增加)了本地公司在国内(出口)市场的收入。在(i)替代措施和(ii)外国直接投资来源方面,实证结果也很可靠。

著录项

  • 来源
    《The quarterly review of economics and finance》 |2017年第8期|107-113|共7页
  • 作者

    Sun Sizhong; Anwar Sajid;

  • 作者单位

    College of Business Law & Governance, James Cook University, Townsville, QLD, Australia;

    School of Business, University of the Sunshine Coast, Maroochydore DC, QLD, Australia,School of Commerce, University of South Australia Adelaide, SA, Australia,Shanghai Lixin University of Accounting and Finance, Songjiang District, Shanghai, China;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    China; Domestic market; Export market; FDI; Textile industry;

    机译:中国;国内市场;出口市场;外商直接投资;纺织工业;

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