The Effects of Multinational Production on Domestic Performance: Evidence from Japanese Firms
The Effects of Multinational Production on Domestic Performance: Evidence from Japanese Firms
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发表时间：
2007-03
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通讯作者：
A. Hijzen;T. Inui;Y. Todo
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文献类型：
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作者：
A. Hijzen;T. Inui;Y. Todo
本文以1995 ~ 2002年的日本企业为样本，研究了跨国化对国内绩效的因果影响。我们采用匹配技术与差分估计相结合，以评估建立一个外国子公司对生产率，产出和就业的因果关系。我们发现，日本的对外直接投资倾向于加强日本企业在日本的经济活动，无论是在产出和就业。这一发现与文献中的典型事实一致，即外国直接投资和出口是互补的。然而，我们没有发现对生产力的显著积极影响。
In the present paper we investigate the causal effect of becoming a multinational on home performance for a large panel of Japanese firms for the period 1995-2002. We adopt matching techniques in combination with a difference-in-difference estimator to evaluate the causal effect of establishing a foreign affiliate on productivity, output and employment. We find that Japanese outward FDI tends to strengthen the economic activities of Japanese firms in Japan in terms of both output and employment. This finding is in line with the stylized fact in the literature that FDI and exports are complements. However, we do not find a significant positive effect on productivity.