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Conference Paper: Outward FDI and domestic input distortions: evidence from Chinese Firms
Title | Outward FDI and domestic input distortions: evidence from Chinese Firms |
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Authors | |
Issue Date | 2016 |
Citation | The 2016 Meeting of the National Bureau of Economic Research (NBER): Chinese Economy Working Group, Shenzhen, China, 28-29 May 2016. How to Cite? |
Abstract | Chen, Yu, and Wei examine how domestic distortions affect firms' investment strategies abroad. The study first documents puzzling empirical findings concerning Chinese multinational corporations, which include that private multinational corporations are less productive than state-owned multinational corporations. A theoretical model is built to rationalize these findings and yields additional empirically consistent predictions. The key insight is that discrimination against private firms domestically incentivizes these firms to produce abroad, which results in less tough selection into foreign direct investment for them. A calibration exercise shows the quantitative impacts of domestic distortions on gains in aggregate productivity after investment liberalization. |
Persistent Identifier | http://hdl.handle.net/10722/226584 |
DC Field | Value | Language |
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dc.contributor.author | Chen, C | - |
dc.contributor.author | Yu, M | - |
dc.contributor.author | Tian, W | - |
dc.date.accessioned | 2016-06-17T07:45:02Z | - |
dc.date.available | 2016-06-17T07:45:02Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | The 2016 Meeting of the National Bureau of Economic Research (NBER): Chinese Economy Working Group, Shenzhen, China, 28-29 May 2016. | - |
dc.identifier.uri | http://hdl.handle.net/10722/226584 | - |
dc.description.abstract | Chen, Yu, and Wei examine how domestic distortions affect firms' investment strategies abroad. The study first documents puzzling empirical findings concerning Chinese multinational corporations, which include that private multinational corporations are less productive than state-owned multinational corporations. A theoretical model is built to rationalize these findings and yields additional empirically consistent predictions. The key insight is that discrimination against private firms domestically incentivizes these firms to produce abroad, which results in less tough selection into foreign direct investment for them. A calibration exercise shows the quantitative impacts of domestic distortions on gains in aggregate productivity after investment liberalization. | - |
dc.language | eng | - |
dc.relation.ispartof | Meeting of the NBER's Working Group on the Chinese Economy | - |
dc.title | Outward FDI and domestic input distortions: evidence from Chinese Firms | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Chen, C: ccfour@hku.hk | - |
dc.identifier.authority | Chen, C=rp01944 | - |
dc.identifier.hkuros | 258375 | - |