Does the same FDI fit all? : how competition and affiliates characteristics affect parents' productivity

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dc.contributor.authorGIOVANNETTI, Giorgia
dc.contributor.authorMARVASI, Enrico
dc.contributor.authorRICCHIUTI, Giorgio
dc.date.accessioned2020-02-10T16:08:15Z
dc.date.available2020-02-10T16:08:15Z
dc.date.issued2019
dc.descriptionPublished: 03 August 2019en
dc.description.abstractThis paper investigates the heterogeneity within the group of foreign direct investors by analyzing the relation between parents' productivity, the degree of domestic competition and the characteristics of their affiliates. Our results show that there is no unique recipe. Foreign direct investors may benefit differently depending on the economic environment in which they operate. Building an original 10-year panel dataset of Italian investors, we find that larger manufacturing parents tend to have more, larger and more productive affiliates in a higher number of destinations as well as being more productive in terms of total factor productivity. Having affiliates in high income countries or in both high and low income countries is associated with a productivity premium vis-a-vis investors in low income countries. Parent sector characteristics such as technology and degree of competition are also associated with productivity in a non-monotonic way. Low income country investors are found to be relatively more productive when operating in more competitive low technology sectors, while the opposite holds true for high income country investors, which become more productive when operating in less competitive high technology sectors.en
dc.description.sponsorshipRegione Autonoma Sardegnaen
dc.identifier.citationItalian economic journal, 2019, Vol. 5, No. 3, pp. 369-402en
dc.identifier.doi10.1007/s40797-019-00103-1
dc.identifier.endpage402
dc.identifier.issn2199-322X
dc.identifier.issn2199-3238
dc.identifier.issue3
dc.identifier.startpage369
dc.identifier.urihttps://hdl.handle.net/1814/66041
dc.identifier.volume5
dc.language.isoen
dc.publisherSpringeren
dc.relation.ispartofItalian economic journalen
dc.subjectForeign direct investmenten
dc.subjectHeterogeneous firmsen
dc.subjectTotal factor productivityen
dc.subjectMultinationalsen
dc.subjectAffiliatesen
dc.titleDoes the same FDI fit all? : how competition and affiliates characteristics affect parents' productivityen
dc.typeArticle
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.other32814
relation.isAuthorOfPublicationbbdc863d-6812-44af-bb28-d45dda6294ac
relation.isAuthorOfPublication.latestForDiscoverybbdc863d-6812-44af-bb28-d45dda6294ac
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