منابع مشابه
Time Zones and FDI with Heterogeneous Firms
Based on Helpman et al. (2004) we propose a simple two-country (Home and Foreign) model with heterogeneous firms to capture the role of FDI via utilizing time zone differences. Two countries are located in different time zones and there is no overlap in daily working hours. It will be shown that productivities of the firms undertaking FDI are higher than the productivities of non-FDI f i r m s ...
متن کاملSubsidies for FDI: Implications from a Model with Heterogeneous Firms∗
This paper analyzes the welfare effects of subsidies to attract multinational corporations when firms are heterogeneous in their productivity levels. I show that the use of a small subsidy raises welfare in the FDI host country, with the consumption gains from attracting more multinationals exceeding the direct cost of funding the subsidy program through a tax on labor income. This welfare gain...
متن کاملExport Spillovers of FDI on China’s Domestic Firms
This paper examines the horizontal and vertical export spillovers of foreign direct investment (FDI) on China’s manufacturing domestic firms by using firm-level census data over the period of 2000–03. Based on a Heckman two-step procedure combining first differencing and instrumental variable regression techniques, we find that FDI has had a positive impact on the export value of domestic firms...
متن کاملExport Subsidies in a Heterogeneous Firms Framework
We evaluate the impact of firm-specific export subsidies on exports in Colombia. Using a two-stage Heckman selection procedure, we obtain firm-specific predicted subsidy amounts that can be explained by the characteristics that determine the firms’ eligibility for the government support and its amount. Drawing on the accounts of the discretionary allocation of subsidies in developing countries,...
متن کاملHeterogeneity and the FDI versus Export Decision of Japanese Manufacturers∗
We investigate whether productivity differences explain why some manufacturers sell only to the domestic market while others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model predicts that investors should be more productive than exporters. An extension allowing for low-cost foreign production can reverse this prediction. Data for 10...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2004
ISSN: 0002-8282
DOI: 10.1257/000282804322970814