Does Foreign Ownership Matter? Russian Experience

Ksenia Yudaeva (), Konstantin Kozlov (), Natalia Melentieva and Natalia Ponomareva
Additional contact information
Ksenia Yudaeva: CSR, Carnegie Endowment for International Peace, NES
Konstantin Kozlov: CEFIR
Natalia Melentieva: New Economic School

No w0005, Working Papers from Center for Economic and Financial Research (CEFIR)

Abstract: The purpose of the paper is two-fold. The paper compares productivity of Russian firms that received foreign direct investments, and fully domestically owned firms. It also analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than the domestic ones, however, poor progress of reform in the region negatively affects productivity of foreign-owned firms. At the same time, there are positive spillovers between foreign-owned and domestic firms. This effect if particularly strong in the case of medium-sized firms (between 200 and 1000 employees), while spillovers on small firms are negative. The stock of human capital in the region is one of the main factors, which helps domestic firms to benefit from the entry of foreing firms.

Keywords: foreign direct investment; spillovers (search for similar items in EconPapers)
JEL-codes: F2 O3 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2000-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
http://www.cefir.ru/papers/WP5.pdf (application/pdf)

Related works:
Working Paper: Does Foreign Ownership Matter? Russian Experience (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cfr:cefirw:w0005

Access Statistics for this paper

More papers in Working Papers from Center for Economic and Financial Research (CEFIR) Contact information at EDIRC.
Bibliographic data for series maintained by Julia Babich ().