Advanced Search
MyIDEAS: Login to save this paper or follow this series

Does Foreign Ownership Matter? Russian Experience

Contents:

Author Info

  • Ksenia Yudaeva

    ()
    (CSR, Carnegie Endowment for International Peace, NES)

  • Kozlov Konstantin

    ()
    (CEFIR)

  • Natalia Melentieva

    (New Economic School)

  • Natalia Ponomareva

    (New Economic School)

Abstract

The purpose of the paper is two-fold. The paper compares productivity of Russian firms that received foreign direct investments, and fully domestically owned firms. It also analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than the domestic ones, however, poor progress of reform in the region negatively affects productivity of foreign-owned firms. At the same time, there are positive spillovers between foreign-owned and domestic firms. This effect if particularly strong in the case of medium-sized firms (between 200 and 1000 employees), while spillovers on small firms are negative. The stock of human capital in the region is one of the main factors, which helps domestic firms to benefit from the entry of foreing firms.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cefir.ru/papers/WP5.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Center for Economic and Financial Research (CEFIR) in its series Working Papers with number w0005.

as in new window
Length: 36 pages
Date of creation: Oct 2000
Date of revision:
Handle: RePEc:cfr:cefirw:w0005

Contact details of provider:
Postal: 117418 Russia, Moscow, Nakhimovsky pr., 47, office 720
Phone: +7 (495) 105 50 02
Fax: +7 (495) 105 50 03
Email:
Web page: http://www.cefir.ru
More information through EDIRC

Related research

Keywords: foreign direct investment; spillovers;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Eduardo Borensztein & Jose De Gregorio & Jong-Wha Lee, 1995. "How Does Foreign Direct Investment Affect Economic Growth?," NBER Working Papers 5057, National Bureau of Economic Research, Inc.
  2. Blomström, Magnus & Kokko, Ari, 1996. "Multinational Corporations and Spillovers," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1365, C.E.P.R. Discussion Papers.
  3. Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 1995. "North-South R&D Spillovers," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1133, C.E.P.R. Discussion Papers.
  4. Magnus Blomstrom & Fredrik Sjoholm, 1998. "Technology Transfer and Spillovers? Does Local Participation with Multinationals Matter?," NBER Working Papers 6816, National Bureau of Economic Research, Inc.
  5. Blomstrom, Magnus, 1986. "Foreign Investment and Productive Efficiency: The Case of Mexico," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 35(1), pages 97-110, September.
  6. Aitken, Brian & Hanson, Gordon H. & Harrison, Ann E., 1997. "Spillovers, foreign investment, and export behavior," Journal of International Economics, Elsevier, Elsevier, vol. 43(1-2), pages 103-132, August.
  7. Ari Kokko, 1996. "Productivity spillovers from competition between local firms and foreign affiliates," Journal of International Development, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 8(4), pages 517-530.
  8. repec:dgr:uvatin:2098053 is not listed on IDEAS
  9. J. David Brown & John S. Earle, 2000. "Competition and Firm Performance: Lessons from Russia," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 296, William Davidson Institute at the University of Michigan.
  10. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, Elsevier, vol. 39(5), pages 859-887, May.
  11. Bergsman, Joel & Broadman, Harry G. & Drebentsov, Vladimir, 2000. "Improving Russia's policy on foreign direct investment," Policy Research Working Paper Series 2329, The World Bank.
  12. Kokko, Ari, 1994. "Technology, market characteristics, and spillovers," Journal of Development Economics, Elsevier, Elsevier, vol. 43(2), pages 279-293, April.
  13. Blomstrom, Magnus & Globerman, Steven & Kokko, Ari, 1999. "The determinants of host country spillovers from foreign direct investment: review and synthesis of the literature," Working Paper Series in Economics and Finance, Stockholm School of Economics 502, Stockholm School of Economics.
  14. Enrico C. Perotti & Stanislav Gelfer, 1998. "Investment Financing in Russian Financial-Industrial Groups," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 242, William Davidson Institute at the University of Michigan.
  15. Enrico C. Perotti & Stanislav Gelfer, 1998. "Investment Financing in Russian Financial-Industrial Groups," Tinbergen Institute Discussion Papers, Tinbergen Institute 98-053/2, Tinbergen Institute.
  16. Ann E. Harrison & Brian J. Aitken, 1999. "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela," American Economic Review, American Economic Association, American Economic Association, vol. 89(3), pages 605-618, June.
  17. Blomstrom, Magnus & Persson, Hakan, 1983. "Foreign investment and spillover efficiency in an underdeveloped economy: Evidence from the Mexican manufacturing industry," World Development, Elsevier, Elsevier, vol. 11(6), pages 493-501, June.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Tomáš Havránek & Zuzana Iršová, 2011. "How to Stir Up FDI Spillovers: Evidence from a Large Meta-Analysis," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies 2011/34, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2011.
  2. Valentin Zelenyuk & Vitaliy Zheka, 2006. "Corporate Governance and Firm’s Efficiency: The Case of a Transitional Country, Ukraine," Journal of Productivity Analysis, Springer, Springer, vol. 25(1), pages 143-157, 04.
  3. Yulia Gorbunova & Davide Infante & Janna Smirnova, 2012. "New Evidence on FDI Determinants: An Appraisal Over the Transition Period," Prague Economic Papers, University of Economics, Prague, University of Economics, Prague, vol. 2012(2), pages 129-149.
  4. Nicholas Bloom & Helena Schweiger & John Van Reenen, 2011. "The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries," NBER Working Papers 17231, National Bureau of Economic Research, Inc.
  5. Mita Bhattacharya & Jong-Rong Chen & V. Pradeep Author-X-Name- V, 2008. "Productivity Spillovers In Indian Manufacturing Firms," Development Research Unit Working Paper Series, Monash University, Department of Economics 30/08, Monash University, Department of Economics.
  6. Le Thanh THUY, 2007. "Does Foreign Direct Investment Have an Impact on the Growth in Labor Productivity of Vietnamese Domestic Firms?," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 07021, Research Institute of Economy, Trade and Industry (RIETI).
  7. Vitaliy Zheka, 2005. "Corporate governance, ownership structure and corporate efficiency: the case of Ukraine," Managerial and Decision Economics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 26(7), pages 451-460.
  8. Tomas Havranek & Zuzana Irsova, 2011. "Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-Analysis," Working Papers, Czech National Bank, Research Department 2011/07, Czech National Bank, Research Department.
  9. Tomáš Havránek & Zuzana Iršová, 2010. "Meta-Analysis of Intra-Industry FDI Spillovers: Updated Evidence," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, Charles University Prague, Faculty of Social Sciences, vol. 60(2), pages 151-174, May.
  10. Lapo Valentina, 2003. "Spatial distribution of investment in Russia: the effect of agglomeration," EERC Working Paper Series 01-087e, EERC Research Network, Russia and CIS.
  11. Kayam, Saime S. & Hisarciklilar, Mehtap & Yabrukov, Alexandr, 2007. "What causes the regional disparity of FDI in Russia? a spatial analysis," MPRA Paper 39151, University Library of Munich, Germany.
  12. Pawlik, Konrad, 2005. "Effects of foreign presence and affiliate control on the productivity of domestic companies in a transition economy: the case of Polish manufacturing 1993-2002," Working Papers, University of Aarhus, Aarhus School of Business, Department of Management 2005-11, University of Aarhus, Aarhus School of Business, Department of Management.
  13. Marin, Anabel & Sasidharan, Subash, 2008. "The Heterogeneity of MNC' Subsidiaries and Technology Spillovers: Explaining positive and negative effects in emerging economies," MERIT Working Papers 066, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  14. Sasidharan, Subash, 2006. "Foreign Direct Investment and Technology Spillovers: Evidence from The Indian Manufacturing Sector," MERIT Working Papers 010, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  15. Tomas Havranek & Zuzana Irsova, 2012. "Survey Article: Publication Bias in the Literature on Foreign Direct Investment Spillovers," Journal of Development Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 48(10), pages 1375-1396, October.
  16. repec:hal:wpaper:halshs-00590449 is not listed on IDEAS
  17. Donato De Rosa, 2006. "Explaining Russian manufacturing exports: Firm characteristics and external conditions," PSE Working Papers, HAL halshs-00590449, HAL.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cfr:cefirw:w0005. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julia Babich).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.