Graduating to Globalisation: A Study of Southern Multinationals
Ila Patnaik () and
Ajay Shah ()
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Dilek Demirbas: National Institute of Public Finance and Policy
Finance Working Papers from East Asian Bureau of Economic Research
FDI by firms in developing countries is a recent phenomenon and demands a study of relationship between firm productivity and different modes of globalisation activities. This paper attempts to understand this relationship through ordered probit models, examining two key hypotheses using firm level panel data from India. First, we test whether there are characteristic differences between domestic firms, exporting firms and firms engaging with FDI. Second, we test if FDI is an integral part of the evolution of firms in developing countries. Our results suggest that there are strong differences between domestic firms, exporting firms, and firms that invest abroad, especially in their knowledge investment, indicating the presence of a ladder of quality in graduating to globalisation.
Keywords: Outbound FDI; panel data; India; Ordered Probit models (search for similar items in EconPapers)
JEL-codes: F12 F14 F23 D20 (search for similar items in EconPapers)
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Journal Article: Graduating to globalisation: a study of Southern multinationals (2013)
Working Paper: Graduating to Globalisation: A Study of Southern Multinationals (2010)
Working Paper: Graduating to globalisation: A study of southern multinationals (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eab:financ:21854
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