Outward Foreign Direct Investment and Total Factor Productivity: Evidence from China's Enterprise Data

2018 International Conference of Green Buildings and Environmental Management

土木建筑工程;生态环境科学

Du, Xiaoxue^1 ; Jia, Nisha^1 ; Lei, Hongzhen^1 ; Lan, Juanli^1

School of International Business, Shaanxi Normal University, Xi'an

710119, China^1

关键词: Enterprise data;    Foreign direct investments;    Investment risks;    Manufacturing companies;    Productivity improvements;    Propensity score matching;    State owned enterprise;    Total factor productivity;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/186/6/012017/pdf
DOI  :  10.1088/1755-1315/186/6/012017

来源: IOP

【 摘 要 】

This study focuses on the impact of China's outward foreign direct investment on the total factor productivity of companies at a micro level. The data spans from 2005 to 2007 and comes from Chinese manufacturing companies. We use a combination of propensity score matching and Different-in-Different method to empirically examine the effect of OFDI on the TFP. The test results show some evidence. First, OFDI increases the TFP of companies. Second, the promotion of TFP is mainly reflected in the non-state-owned enterprises. The state-owned enterprises' after-effect productivity improvement is not significant. Third, the impact of OFDI on TFP varies due to the different political risks in foreign host countries, i.e., countries with low corporate political investment risks are better than countries with high political risks.