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Firm Heterogeneity, Industry Characteristics and Types of FDI: The Case of German FDI in the Czech Republic

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Author Info
Holger Görg
Henning Mühlen
Peter Nunnenkamp

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Abstract

In addition to firm and industry characteristics, the heterogeneity of foreign direct investment (FDI) has to be taken into account when analyzing the determinants of outward FDI. We combine two firm-specific datasets on German firms with subsidiaries and joint ventures in the Czech Republic, compared to a control group of German firms without FDI in this host country. The impact of firm and industry characteristics on FDI decisions is assessed by estimating two-step Heckman models. We find that larger, more productive and more experienced firms are more likely to invest in the Czech Republic. Firm characteristics also affect the size of FDI in manufacturing. The relevance of both firm and industry characteristics critically depends on whether FDI is horizontal or vertical

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File URL: http://www.ifw-members.ifw-kiel.de/publications/firm-heterogeneity-industry-characteristics-and-types-of-fdi-the-case-of-german-fdi-in-the-czech-republic/kiel-working-paper-1544
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Publisher Info
Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1544.

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Length: 23 pages
Date of creation: Aug 2009
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Handle: RePEc:kie:kieliw:1544

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Related research
Keywords: multinational enterprises; firm heterogeneity; industry characteristics; sector-specific FDI; vertical and horizontal FDI;

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Find related papers by JEL classification:
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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    Other versions:
  3. Markusen, James R., 2002. "Multinational Firms and the Theory of International Trade," MPRA Paper 8380, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  4. Gomes-Casseres, Benjamin, 1989. "Ownership structures of foreign subsidiaries : Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 11(1), pages 1-25, January. [Downloadable!] (restricted)
  5. Claudia M. Buch & Jörn Kleinert & Alexander Lipponer & Farid Toubal, 2005. "Determinants and effects of foreign direct investment: evidence from German firm-level data," Economic Policy, CEPR, CES, MSH, vol. 20(41), pages 52-110, 01. [Downloadable!] (restricted)
  6. Vernon, Raymond, 1979. "The Product Cycle Hypothesis in a New International Environment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 41(4), pages 255-67, November.
  7. Ingo Geishecker & Holger Görg & Daria Taglioni, 2009. "Characterising Euro Area Multinationals," The World Economy, Blackwell Publishing, vol. 32(1), pages 49-76, 01. [Downloadable!] (restricted)
    Other versions:
  8. Beata Smarzynska Javorcik & Mariana Spatareanu, 2005. "Do Foreign Investors Care about Labor Market Regulations?," Working Papers Rutgers University, Newark 2005-005, Department of Economics, Rutgers University, Newark. [Downloadable!]
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  9. Elhanan Helpman & Marc J. Melitz & Stephen R. Yeaple, 2004. "Export Versus FDI with Heterogeneous Firms," American Economic Review, American Economic Association, vol. 94(1), pages 300-316, March. [Downloadable!]
  10. Laura Resmini, 2000. "The Determinants of Foreign Direct Investment in the CEECs: New evidence from sectoral patterns," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 665-689, November. [Downloadable!] (restricted)
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  11. Elizabeth Asiedu & Hadi Salehi Esfahani, 2001. "Ownership Structure In Foreign Direct Investment Projects," The Review of Economics and Statistics, MIT Press, vol. 83(4), pages 647-662, November. [Downloadable!] (restricted)
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