Počet záznamů: 1
Horizontal crowding-out versus vertical synergies under the MNE presence
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SYSNO ASEP 0479446 Druh ASEP C - Konferenční příspěvek (mezinárodní konf.) Zařazení RIV D - Článek ve sborníku Název Horizontal crowding-out versus vertical synergies under the MNE presence Tvůrce(i) Hanousek, Jan (NHU-C) RID
Kočenda, E. (CZ)
Vozárová, P. (CZ)Zdroj.dok. Proceedings of the 7th Economics & Finance Conference. - Prague : International Institute of Social and Economic Sciences (IISES), 2017 / Cermakova K. - ISSN 2336-6044 - ISBN 978-80-87927-32-8 Rozsah stran s. 71-116 Poč.str. 46 s. Forma vydání Tištěná - P Akce Economics & Finance Conference /7./ Datum konání 08.03.2017 - 10.03.2017 Místo konání Tel Aviv Země IL - Izrael Typ akce WRD Jazyk dok. eng - angličtina Země vyd. CZ - Česká republika Klíč. slova multinational enterprise (MNE) ; foreign direct investment (FDI) ; European firms Vědní obor RIV AH - Ekonomie Obor OECD Finance CEP GA15-15927S GA ČR - Grantová agentura ČR Institucionální podpora NHU-C - Progres-Q24 UT WOS 000426854900006 DOI 10.20472/EFC.2017.007.006 Anotace In this paper we provide a comprehensive analysis of the impact of the multinational enterprises (MNEs) and foreign direct investment (FDI) on domestic firms in Europe. We build on the theoretical model of Markusen and Venables (1999) and modify it to better reflect reality and to capture international industrial linkages. For empirical part we build a unique and large database that covers 30 European countries over 2001 - 2013. Rich data are combined from the Amadeus, UN Comtrade and BACI sources. Our results do not show evidence for a pure spillover effect when other channels are controlled for. However, on a more detailed level we show that MNE's presence significantly affects domestic firms both in terms of changing market structure and productivity improvements. On other hand, change in sourcing patterns often results in that domestic firms are crowded-out. However, those domestic firms, that are able to withstand this double competition, receive additional benefits stemming from their interaction with downstream MNEs in form of productivity spillovers. We also document existence of trade (export) spillovers for both upstream and downstream levels. Despite that impact of the MNEs presence is not unambiguous the existence of positive production and trade spillovers is overwhelming. Pracoviště Národohospodářský ústav - CERGE Kontakt Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Rok sběru 2018
Počet záznamů: 1