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Technological Constraints, Firm Heterogeneity, and Location Choice of Multinational Enterprises

机译:技术约束,企业异质性与跨国企业选址

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摘要

This paper aims to examine the relationship between the location choices of multinational enterprises and their productivity considering the North-South differences in regard to technological constraints. We find that home firms with the highest level of productivity choose to undertake foreign direct investment (FDI) in the developed countries and they choose to export to, rather than do FDI in, developing countries. This result explains why not many high tech industries exist in developing countries. Using Japanese firm level data, we also confirm that Japanese high tech firms tend to undertake FDI in developed countries, but hesitate to invest in developing countries empirically.
机译:本文旨在考察跨国企业在地区选择方面与技术约束之间的南北差异,从而探讨它们之间的关系。我们发现,生产率最高的本地公司选择在发达国家进行外国直接投资(FDI),并且选择向发展中国家出口而不是向发展中国家进行FDI。该结果说明了为什么发展中国家不存在许多高科技产业。使用日本公司水平的数据,我们还确认日本高科技公司倾向于在发达国家进行外国直接投资,但不愿凭经验对发展中国家进行投资。

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  • 来源
    《Review of international economics》 |2013年第5期|996-1005|共10页
  • 作者单位

    School of Economics, University of Hyogo, 8-2-1, Nishi-Ku, Kobe, 651-2197, Japan;

    Faculty of Economics,Osaka University of Economics, 2-2-8, Higashiyodogawa-ku, Osaka, 533-8533, Japan;

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