投资促进对跨国生产的影响: 企业层面的证据
The impact of investment promotion on multinational production: Firm-level evidence
Journal of Development Economics · 2025 · [{"name": "Jerónimo Carballo", "affiliation": ["University of Colorado Boulder"]}, {"name": "Ignacio Marra de Artiñano", "affiliation": ["Université Libre de Bruxelles"]}, {"name": "Christian Volpe Martincus", "affiliation": ["Inter-American Development Bank"]}]
中文摘要
各国采用广泛的政策以吸引跨国企业，但识别这些政策的效果具有挑战性。本文针对其中最常见的政策之一——投资促进，提供了新的微观计量证据。为此，我们将跨国企业境外附属机构区位选择的企业层面数据，与哥斯达黎加投资促进机构（IPA）随时间提供的详细服务特定信息相结合。我们发现，IPA 支持显著提高了跨国企业在该国设立首个附属机构的概率。我们进一步表明，这一效应在信息服务领域尤为显著，且对于来自母国、所处行业可能面临更严重信息摩擦的跨国企业而言更为突出。
Abstract
Countries make use of a wide range of policies to attract multinational firms, but identifying their effects is challenging. In this paper, we provide novel microeconometric evidence on the impacts of one of the most common of such policies: investment promotion. To do so, we combine firm-level data on both the location of multinational firms’ foreign affiliates and detailed service-specific information from Costa Rica’s investment promotion agency (IPA) over time. We find that IPA support significantly increases the probability that a multinational firm establishes its first affiliate in the country. We then show that this effect is particularly strong for information services and on multinational firms from home countries and in sectors potentially facing more severe information frictions.