Does policy reform promote FDI in developing economies? a firm-level simulation approach
Does policy reform promote FDI in developing economies? a firm-level simulation approach
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政策改革是否会促进发展中经济体的外国直接投资？
DOI：
10.1080/17487870.2015.1100083
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发表时间：
2016
影响因子：
2.1
通讯作者：
Shawn Arita
中科院分区：
文献类型：
--
作者：
Kiyoyasu Tanaka;Shawn Arita
发展中经济体的外国投资者政策改革如何影响流入的外国直接投资？使用企业异质性模型校准，以匹配日本跨国公司的数据，我们模拟跨国公司如何应对投资程序天的下降。我们发现，这样的政策改革，在投资程序显着增加了跨国公司在发展中经济体的总条目和销售，在广泛的利润率比在密集利润率的影响更明显。在公司一级，进入成本的下降鼓励生产率较高的公司在更广泛的市场上投资，尽管这种影响对于已经渗透到许多市场的生产率最高的公司来说是有限的。在不同生产力水平上，对每个跨国公司对外销售额的影响程度不那么明显，部分原因是进入成本下降直接增加了跨国公司进入发展中经济体的机会，但只是间接鼓励了它们在这些市场上的现有生产。
How do policy reforms for foreign investors in developing economies affect inward foreign direct investment? Using a firm heterogeneity model calibrated to match data on Japanese multinational firms, we simulate how multinationals respond to a decline in investment procedure days. We find that such policy reforms in investment procedures significantly increase the aggregate entries and sales of multinational firms in developing economies, with the more pronounced impact at the extensive margin than at the intensive margin. At the firm level, declining entry costs encourage more productive firms to invest in a wider range of markets although such impacts are modest for the most productive firms that already penetrate many markets. The impacts on foreign sales per multinational firm are less clear-cut in magnitude across productivity levels in part because falling entry costs directly increase multinational entry to developing economies, but only indirectly encourage their existing production in these markets.