吸收能力
生产力
盈利能力指数
面板数据
外商直接投资
在实践中学习
现存分类群
学习效果
产业组织
订单(交换)
经济
业务
事前
计量经济学
劳动经济学
货币经济学
微观经济学
生产(经济)
宏观经济学
财务
进化生物学
生物
作者
Walid Hejazi,Jianmin Tang,Weimin Wang
标识
DOI:10.1016/j.jwb.2023.101427
摘要
The extant literature highlights a threshold productivity level firms are required to attain ex-ante in order to successfully undertake FDI. The current paper extends this framework by modelling a threshold productivity range which is below the required threshold productivity level. Firms in this range can successfully venture abroad when learning allows these firms to rise above that threshold productivity level, ex-post. Theoretical models which predict negative profitability for firms which undertake FDI when below the required threshold productivity level are extended to incorporate learning, and negative profits during the transition path turn positive once productivity increases above the threshold productivity level. The hypotheses developed are tested using panel data on firms operating in Canada over the period 2000 to 2014. These firm-level data include measures of productivity, firm size, R&D intensity, and when firms undertake outward FDI. We demonstrate that firms which venture abroad while in the threshold productivity range and also have sufficiently high levels of absorptive capacity, proxied by R&D intensity, are able to learn from their foreign experience, and hence increase their productivity levels, ex-post.
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