中国人民大学经济学院-亚博安卓下载

[能源经济学研讨会]investing abroad from the bottom of the productivity ladder–brics multinationals in europe
发文时间:2013-06-28

【econ2013029】
能源经济学研讨会


时间:7月3日,星期三, 12:00—13:30

地点:明德主楼729会议室

演讲人marco sanfilippo

题目:investing abroad from the bottom of the productivity ladder–brics multinationals in europe

主持人:虞义华副教授


报告摘要:

  literature on the internationalization strategies of multinational enterprises (mnes) has so far been built on the idea that such firms invest overseas on the basis of the possession of a superior set of assets compared to domestic firms. so far, this literature has mainly focused on the role of developed countries mnes and no such analysis has been done to check the provision of the existing theories on the group of so‐called emerging multinationals (emnes).

  based on a large dataset on foreign affiliates in europe, this paper aims at measuring the differences in terms of total factor productivity (tfp) and other indicators of competitiveness of emnes from the brics (brazil, russia, india, china and south africa) against their counterparts from developed countries and domestic mnes. this is done by using different approaches, including cross company regressions, quantile analysis and semiparametric tests based on propensity score matching and differenceindifference estimators. if, as suggested by the literature, the early internationalization strategies of emnes are driven by assetexploration strategies we expect to find significant differences in their performance, especially when investing in more developed markets.

  indeed, preliminary results show that emnes investing in europe are still at the bottom of the productivity ladder, recording a productivity gap with more established competitors, including domestic mnes, especially in higher technology intensive sectors within the manufacturing, the results proving consistent to the adoption of different indicators and to different levels of disaggregation.


作者简介:

  marco sanfilippo is a research fellow in robert schuman centre for advanced studies, european university institute. he obtained his phd degree in politics and economics of developing countries in university of florence. his research interests are focused on global governance, economics in developing countries. his papers are published on journal of international development, european journal of development research, china economic review and so on. his policy papers are included in the european report on development published by european university institute.

能源经济学研讨会(energy economics seminar)由中国人民大学经济学院能源经济系定期推出,旨在为研究中国能源经济问题的学者提供一个交流的平台。

联系人:魏楚(xiaochu1979@gmail.com)

中国人民大学 经济学院能源经济系

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