FDI, ownership structure, and productivity

The standard firm heterogeneity model of FDI considers the case whole ownership foreign affiliates. However, there exist many partially-owned This paper builds a based on Helpman et al. (2004) to allow various structures and posits some testable hypotheses relationship between productivity shares/structures. empirical part corroborates these hypotheses, showing that high firms tend have higher share in their affiliates, lower opt for joint-ventures with wholesalers and/or local/3rd country partners.