中文摘要
本文利用丰富的印度制造业面板数据集,分析外商直接投资(FDI)对国内企业的影响。详细的产品层面价格与数量信息使我们能够估计实物生产率与边际成本。与已有文献一致,基于常用的收入生产率指标,我们几乎没有发现水平溢出的证据。相比之下,采用不受定价异质性影响的指标,我们测得了可观的效率提升。我们的结果表明,国内企业确实能从跨国公司子公司以相对较低成本生产高质量产品的能力中受益。
Abstract
This paper uses a rich panel dataset of Indian manufacturers to analyze the effects of foreign direct investment (FDI) on domestic firms. Detailed product-level information on prices and quantities allows us to estimate physical productivity and marginal costs. In line with the previous literature, we find little evidence of horizontal spillovers based on commonly used measures of revenue productivity. In contrast, we measure sizable efficiency gains using measures that are not affected by pricing heterogeneity. Our results indicate that domestic firms do benefit from the ability of multinational subsidiaries to produce high-quality products at relatively low cost.