Comparisons of Foreign Multinationals and Local Firms in Asian Manufacturing over Time
Comparisons of Foreign Multinationals and Local Firms in Asian Manufacturing over Time
复制标题
不同时期亚洲制造业中外国跨国公司和本土企业的比较
DOI:
10.1111/1467-8381.00080
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发表时间:
1999
影响因子:
1.3
通讯作者:
Eric D. Ramstetter
中科院分区:
文献类型:
--
作者:
Eric D. Ramstetter
This paper first shows that shares of foreign multinational corporations (MNCs) in the manufacturing sectors of five Asian host economies (Hong Kong, Indonesia, Malaysia, Singapore and Taiwan) were generally large in terms of exports, small in terms of employment and moderate in terms of production. Correspondingly, the average product of labour and export propensities were often significantly higher in foreign MNCs than in local firms. In addition, foreign MNCs tended to be relatively large and to have relatively high average capital productivity, capital intensity, skilled-labour intensity, R&D intensity, profit rates and import propensities, but relatively low shares of labour compensation in value added, and these differences were also statistically significant in many cases. Differences between wholly- or heavily-foreign plants and foreign plants with lower foreign ownership shares were also significant in many cases and generally in the same direction as the differences between MNCs and local plants noted above. Differences among MNCs by foreign source were generally small and insignificant in Hong Kong. In Singapore, European and US firms tended to be larger and characterized by relatively high average labour productivity, capital intensity, profitability and export propensities, but relatively low shares of labour compensation in value added compared to Japanese and other Asian firms.