Emergence of multinational firms from middle income countries: the case of Poland

Emergence of multinational firms from middle income countries: the case of Poland

 

Artur Klimek

 

Keywords: Foreign Direct Investment, heterogeneous firms, emerging countries

 

Summary: The paper analyses factors contributing to foreign activities of Polish enterprises. Most of the previous studies focused on the flows of outward foreign direct investment (OFDI) from advanced economies. Therefore, it was essential to investigate the role of firms from emerging Europe in this process. The research is conducted at the early stage of development of OFDI from Poland as a significant increase in foreign production has been recorded for a few years. The issue is investigated using firm-level data. The results confirm that firms investing abroad are significantly more productive compared to counterparts operating only in the home country.

 

References: 

Agresti, A., Categorical Data Analysis, Second Edition. John Wiley and Sons, Hooboken, New Jersey, 2002.

Aw, B. Y., Lee, Y., Heterogeneity and location choice of Taiwanese multinationals, “Journal of International Economics”, Vol. 75, Issue 1, pp. 167-179, 2008.

Aw, B.Y, Chung, S., Roberts, M., Productivity and the Decision to Export Market: Micro Evidence from Taiwan and South Korea, NBER Working Paper 6558, National Bureau of Economic Research, Cambridge, Mass, 1998.

Bernard, A. B., Jensen, J. B., Exporting and Productivity, NBER Working Paper 7135, National Bureau of Economic Research, Cambridge, Mass, 1999.

Bernard, A. B., Jensen, J. B., Redding, S. J., Schott, P.K., Firms in International Trade, “Journal of Economic Perspectives”, Vol. 21, Issue 3, pp. 105-130, 2007.

Bernard, A. B., Wagner, J., Exports and Success in German Manufacturing, “Weltwirtschaftliches Archive/Review of World Economics”, Vol. 133, Issue 1, pp. 134-157, 1997.

Blomstrom, M., Lipsey, R. E., Firm Size and Foreign Operations of Multinationals, “Scandinavian Journal of Economics”, Vol. 93, Issue 1, pp. 101-107, 1991.

Buckley, P. J., Ghauri, P., The Internationalization of the Firm: A Reader. Academic Press, London, 1989.

Caves, R. E., Multinational Enterprise and Economic Analysis. Third Edition, Cambridge University Press, New York., 2007.

Chang, S. J., International expansion strategy of Japanese firms: capability building through sequential entry, “Academy of Management Journal”, Vol. 38, pp. 383-407, 1995.

Clerides, S., Lach, S., Tybout, J., Is Learning-by-Exporting Important? Micro Dynamic Evidence from Colombia, Mexico, and Morocco, “Quarterly Journal of Economics”, Vol. 113, Issue 3, pp. 903-947, 1998.

Coase, R. H., The Nature of the Firm, “Economica”, Vol. 4, No. 16, pp. 386-405, 1937.

Dunning, J. H., The eclectic paradigm of international production: a restatement and some possible extensions, “Journal of International Business Studies”, Vol.19, Issue 1, pp. 1-31, 1988.

Dunning, J. H., Multinational Enterprises and the Global Economy. Addison-Wesley, New York, 1993.

Ekholm, K., Forslid, R., Markusen, J., Export platform foreign direct investment, NBER Working Paper 9517, National Bureau of Economic Research, Cambridge, Mass, 2003.

Geishecker I., Gorg H., Taglioni, D., Characterising Euro Area Multinationals, World Economy, Vol. 32, Issue 1, pp. 49-76, 2009.

Grossman, G. M., Helpman, E. Szeidl, A., Optimal integration strategies for the multinational firm, “Journal of International Economics”, Vol. 70, Issue 1, pp. 216-238, 2006.

Helpman, E., Melitz, M. J., Yeaple, S. R., Export versus FDI, NBER Working Paper 9439, National Bureau of Economic Research, Cambridge, Mass., 2003.

Hymer, S. H., The International Operations of National Firms: A Study of Foreign Direct Investment, MIT Press, Cambridge, Mass., 1976.

Hufbauer, G.C., The multinational corporation and direct investment, (in): Kenen, P. B. (ed.), International Trade and Finance: Frontiers for Research. Cambridge University Press, Cambridge, 1975.

Johanson J., Vahlne, J. E., The Internationalization Process of the Firm - A Model of Knowledge Development and Increasing Foreign Market Commitments, “Journal or International Business Studies”, Vol. 8, Issue 1, pp. 23-34, 1977.

Kumar, N., Globalization, Foreign Direct Investment and Technology Transfers: Impacts on Prospects for Developing Countries. Routledge, New York, 1998.

Lail, S., (ed.), The New Multinationals: The Spread of Third World Enterprises. John Wiley & Sons, New York, 1983.

Lecraw, D. J., Outward direct investment by Indonesian firms: motivation and effects, “Journal of International Business Studies”, Vol. 24, Issue 3, pp. 589-600, 1993.

Lin, H., Yeh, R.S., The interdependence between FDI and R&D: an application of an endogenous switching model to Taiwan’s electronics industry, “Applied Economics”, Vol. 37, Issue 15, , pp. 1789-1799, 2003.

Markusen, J. R., Maskus, K. E., General-Equilibrium Approaches to the Multinational Firm: A Review of Theory and Evidence, NBER Working Paper 8334, National Bureau of Economic Research, Cambridge, Mass., 2001.

Navaretti, G. B., Venables, A. J., Multinational Firms in the World Economy. Princeton University Press, 2006.

Pradhan, J. P., The Determinants of Outward Foreign Direct Investment: A Firm-level Analysis of Indian Manufacturing, “Oxford Development Studies”, Vol. 32, Issue 4, pp. 619-639, 2004.

Ramamurti, R., Jitendra, J. V., (eds.), Emerging Multinationals in Emerging Markets. Cambridge University Press, Cambridge, 2009.

Rugman, A. M., Inside the Multinationals: The Economics of Internal Markets, Columbia University Press, New York, 1981.

Teece, D. J., Foreign direct investment and the technological development in Silicon Valley, “California Management Review”, Vol. 34, pp. 88-106, 1992.

Wells, L.T, Jr, Third World Multinationals. MIT Press, Cambridge, Mass., 1983.

Yeaple, S. R., The complex integration strategies of multinationals and cross country dependencies in the structure of foreign direct investment, “Journal of International Economics”, Vol. 60, Issue 2, pp. 293-314, 2003.

 

 

Download PDF

 

Read 1166 times Last modified on Thursday, 27 February 2014 10:54