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A matter of life and death? Knowledge intensity of FDI activities and domestic enterprise

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  • Piers Thompson
  • Wenyu Zang

Abstract

There is no overall agreement on the relationship between foreign direct investment (FDI) and domestic enterprise, this may reflect different effects from various types of FDI. A panel data regression approach is adopted to examine the impact of knowledge intensive FDI on both new firm formation and the deaths of enterprises. Jobs created by FDI are found to not influence firm births, but influence domestic enterprise through deaths. Renewal knowledge intensive activities reduce firm deaths, but routine or compliance knowledge intensive activities increase the death rate. This means policy seeking to attract FDI must distinguish even within different types of knowledge intensive activities. No existe un acuerdo en general sobre la relación entre la inversión extranjera directa (IED) y la empresa nacional, lo que puede reflejar los diferentes efectos de los distintos tipos de IED. Se empleó un enfoque de regresión de datos de panel para analizar el impacto de la IED intensiva en conocimiento tanto en la formación de nuevas empresas como en su desaparición. Se comprobó que los puestos de trabajo creados por la IED no influyen en la creación de empresas, pero sí en su desaparición. Las actividades de renovación intensivas en conocimiento reducen la desaparición de empresas, pero las actividades de rutina o de cumplimiento intensivas en conocimiento aumentan la tasa de desaparición. Esto significa que las políticas que buscan atraer la IED deben distinguir incluso entre los diferentes tipos de actividades intensivas en conocimiento. 対外直接投資(FDI)と国内企業との関係については全体的に共通の認識がないが、このことがFDIの種類の違いから異なる影響が現れる可能性がある。知識集約型のFDIが新しい企業の創業と企業の廃業の両方に与える影響を、パネルデータ回帰分析を用いて検討する。直接投資によって創出された雇用は、企業の誕生には影響しないが、廃業を通じて国内企業に影響を与えることが示された。知識集約型の刷新的活動は企業の廃業を減少させるが、知識集約型の日常的またはコンプライアンス活動は廃業率を増加させる。これは、FDIを誘致しようとする政策は、異なる種類の知識集約型活動の中でも違いを明確にしなければならないことを意味する。

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  • Piers Thompson & Wenyu Zang, 2022. "A matter of life and death? Knowledge intensity of FDI activities and domestic enterprise," Papers in Regional Science, Wiley Blackwell, vol. 101(5), pages 1157-1179, October.
    • Handle: RePEc:bla:presci:v:101:y:2022:i:5:p:1157-1179
    DOI: 10.1111/pirs.12699
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