Heterogeneous multinational firms and productivity gains from falling FDI barriers

During the past decade of declining FDI barriers, small domestic firms disproportionately contracted while large multinational firms experienced a substantial growth in Japan’s manufacturing sector. This paper quantitatively assesses the impact of FDI globalization on intra-industry reallocations and aggregate productivity. We calibrate the firm-heterogeneity model of Eaton, Kortum, and Kramarz (2011) to micro-level data on Japanese multinational firms. Estimating the structural parameters of the model, we demonstrate that the model can strongly replicate the entry and sales patterns of Japanese multinationals. Counterfactual simulations show that declining FDI barriers lead to a disproportionate expansion of foreign production by more efficient firms relative to less efficient firms. A hypothetical 20% reduction in FDI barriers is found to generate a 30.7% improvement in aggregate productivity through market-share reallocation.

Can FDI promote export diversification and sophistication of host countries? : dynamic panel system GMM analysis

Recent trade literature highlights the importance of export diversification and upgrading in fostering faster and sustainable economic growth. This study investigates the impact of FDI inflow and stock on the level of export diversification and sophistication in host country's export baskets. By utilizing the dynamic panel data model, we find that the five-year lagged FDI inflow correlates positively with both export diversification and sophistication, and FDI stock makes the positive contribution to export sophistication. These findings provide support for the possibility of successful capabilities transfer to and building by local firms. We also find that these positive impacts of FDI exist only in developing countries.

Spatial spillovers from FDI agglomeration : evidence from the Yangtze River Delta in China

Foreign firms have clustered together in the Yangtze River Delta, and their impact on domestic firms is an important policy issue. This paper studies the spatial effect of FDI agglomeration on the regional productivity of domestic firms, using Chinese firm-level data. To identify local FDI spillovers, we estimate the causal impact of foreign firms on domestic firms in the same county and similar industries. We then estimate a spatial-autoregressive model to examine spatial spillovers from FDI clusters to other domestic firms in distant counties. Our results show that FDI agglomeration generates positive spillovers for domestic firms, which are stronger in nearby areas than in distant areas.

The Costs and benefits of foreign investment from a state perspective /

"August 1982."

Law regulating foreign and domestic investment companies. (Blue sky law) 1915.

Mode of access: Internet.

Multilateral energy and mineral investment insurance : hearing before the Subcommittee on International Economic Policy and Trade of the Committee on Foreign Affairs, House of Representatives, Ninety-sixth Congress, first session, September 11, 1979.

Item 1017

Foreign investment and licensing checklist for U.S. firms.

Mode of access: Internet.

Review of activities of the Overseas Private Investment Corporation [microform] : hearings before the Subcommittee on International Economic Policy and Trade of the Committee on Foreign Affairs, House of Representatives, Ninety-sixth Congress, July 17, 1979, and February 7, 1980.

Reuse of record except for individual research requires license from Congressional Information Service, Inc.

Bilateral investment treaties with the Czech and Slovak Federal Republic, the Peoples' Republic of the Congo, the Russian Federation, Sri Lanka, and Tunisia, and two protocols to treaties with Finland and Ireland : hearing before the Committee on Foreign Relations, United States Senate, One Hundred Second Congress, second session, August 4, 1992.

Mode of access: Internet.

Foreign Investment and National Security Act of 2006 : report (to accompany S. 3549).

"June 21, 2006."

Conducting our foreign relations : an investment in America's future.

"May 1987"--Cover.

Foreign investment : implementation of Exon-Florio and related amendments : report to Congressional requesters /

"B-256999"--P. 1.