Empirical Evidence on Foreign Ownership and Productivity Growth

Sourafel Girma, Steve Thompson and Peter Wright

Chapter 5 in Globalisation and Productivity Growth, 2005, pp 79-91 from Palgrave Macmillan

Abstract: Abstract It has frequently been noted that foreign owned firms appear to have higher levels of productivity than their domestic counterparts. The most common explanation for such a differential is that multinational affiliates enjoy firm-specific proprietary assets, which may be techno-logical or may be intangible factors such as organisational or brand name advantages, which gives the firm a productivity advantage over its domestic rivals. Indeed, the dominant ‘internalisation theory’ primarily considers the multinational firm as a means to transfer firm-specific pro-prietary assets whilst avoiding the costs associated with international transactions.1

Keywords: Foreign Direct Investment; Labour Productivity; Productivity Growth; Total Factor Productivity; Foreign Firm (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52322-7_5

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DOI: 10.1057/9780230523227_5

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