Exports, FDI, and Productivity: Dynamic Evidence from Japanese Firms |
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Authors: | Fukunari Kimura Kozo Kiyota |
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Institution: | (1) Faculty of Economics, Keio University, 2-15-45, Mita, Minato-ku, 108-8345 Tokyo, Japan;(2) Yokohama National University, Yokohama, Japan |
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Abstract: | This paper examines the relationship between exports, foreign direct investment, and firm productivity. Using longitudinal
panel data on Japanese firms, it is found that the most productive firms engage in exports and foreign direct investment,
medium productive firms engage in either exports or foreign direct investment, and the least productive firms focus only on
the domestic market. Moreover, exports and foreign direct investment appear to improve firm productivity once the productivity
convergence effect is controlled for. Firms that retain a presence in foreign markets, either by exports or foreign direct
investment, show the highest productivity growth, which contributes to improvements in national productivity.
JEL no. F10, F20, D21 |
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Keywords: | Multinational enterprises panel data firm heterogeneity total factor productivity firm survival |
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