Location decision of heterogeneous multinational firms
Location decision of heterogeneous multinational firms
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DOI：
10.1016/j.jinteco.2009.08.007
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发表时间：
2010-03-01
影响因子：
3.3
通讯作者：
Moore, Michael O.
中科院分区：
文献类型：
--
作者：
Chen, Maggie Xiaoyang;Moore, Michael O.
我们考察了具有不同全要素生产率(TFP)的跨国公司如何自我选择到不同的东道国。综合和公司层面的估计表明，生产率较高的法国公司比效率较低的竞争对手更有可能在相对困难的东道国投资，这些国家具有较小的市场潜力、较高的固定投资成本或较低的进口关税，往往具有更高的截止生产率，并吸引更大比例的生产性跨国公司。当我们控制未观察到的公司和国家/地区的异质性并解决潜在的TFP内生性时，这种自我选择机制在很大程度上保持稳健。(C)2009 Elsevier B V保留所有权利
We examine how multinational firms with heterogeneous total factor productivity (TFP) self-select Into different host countries Both aggregate- and firm-level estimates suggest that more productive French firms are more likely than their less efficient competitors to invest in relatively tough host countries Countries with a smaller market potential, higher fixed costs of investment or lower import tariffs tend to have higher cutoff productivities and attract a greater proportion of productive multinationals. This self-selection mechanism remains largely robust when we control for unobserved firm and country heterogeneity and address potential TFP endogeneity (C) 2009 Elsevier B V All rights reserved