Foreign Ownership and Productivity in the United Kingdom Estimates for U.K. Manufacturing Using the ARD

Foreign Ownership and Productivity in the United Kingdom Estimates for U.K. Manufacturing Using... There is a general assumption in much of the literature on FDI that foreign owned plants have higher productivity. The purpose of this paper is to answer the important question: ``Are foreign owned plants better?''. Using U.K. manufacturing data over the period 1974–1995, our results provide robust empirical support for the view that in general, they are. This is of policy relevance in that it provides a clear rationale for support programmes aimed at attracting FDI for the direct benefits that it brings. It also highlights hindrances that may face inward investors, particularly cultural barriers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Foreign Ownership and Productivity in the United Kingdom Estimates for U.K. Manufacturing Using the ARD

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2003 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1023622407571
Publisher site
See Article on Publisher Site

Abstract

There is a general assumption in much of the literature on FDI that foreign owned plants have higher productivity. The purpose of this paper is to answer the important question: ``Are foreign owned plants better?''. Using U.K. manufacturing data over the period 1974–1995, our results provide robust empirical support for the view that in general, they are. This is of policy relevance in that it provides a clear rationale for support programmes aimed at attracting FDI for the direct benefits that it brings. It also highlights hindrances that may face inward investors, particularly cultural barriers.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 4, 2004

References

  • Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela
    Aitken, B. J.; Harrison, A. E.

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