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Die Effekte deutscher Direktinvestitionen im Empfängerland vor dem Hintergrund des Leistungsbilanzüberschusses: Empirische Evidenz mit Mikrodaten für Frankreich

Author

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  • Görg Holger

    (Kiel Centre for Globalization, Institut für Weltwirtschaft, Kiellinie 66, 24105 KielGermany)

  • Marchal Léa

    (Kiel Centre for Globalization, Institut für Weltwirtschaft, Kiellinie 66, 24105 KielGermany)

Abstract

Deutschland hat seit Jahren einen Leistungsbilanzüberschuss, der international kritisiert wird. Die Bedeutung der deutschen Direktinvestitionen im Ausland ist dabei in den letzten Jahren stark gestiegen. Vor diesem Hintergrund untersuchen Holger Görg und Léa Marchal die Effekte von Direktinvestitionen auf Unternehmen im Gastland. Dazu werden Unternehmensdaten für Frankreich verwendet. Insgesamt liefert die Studie zwei wirtschaftspolitisch relevante Ergebnisse. Zum einen haben deutsche Übernahmen von französischen Unternehmen im Durchschnitt keine negativen Auswirkungen auf Produktivität, Qualifikationsstruktur und Handelsaktivität der übernommenen Unternehmen. Zum anderen zeigt sich, dass sich die Präsenz deutscher Unternehmen positiv auf französische Unternehmen, die in derselben Industrie angesiedelt sind, auswirkt. Dies gilt sowohl hinsichtlich der Produktivität und Qualifikationsstruktur als auch der Export- und Importaktivität der Unternehmen. Der Effekt auf Exporte erscheint dabei stärker als der auf Importe. Dies hat Implikationen für die Leistungsbilanz. Zwar erhöhen, saldenmechanisch, deutsche Direktinvestitionen im Ausland den bestehenden Leistungsbilanzüberschuss der Bundesrepublik. Sie haben jedoch auch Implikationen für Unternehmen im Empfängerland, die ihre Produktivität und Handelsaktivität steigern.

Suggested Citation

  • Görg Holger & Marchal Léa, 2019. "Die Effekte deutscher Direktinvestitionen im Empfängerland vor dem Hintergrund des Leistungsbilanzüberschusses: Empirische Evidenz mit Mikrodaten für Frankreich," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 20(1), pages 53-69, June.
    • Handle: RePEc:bpj:pewipo:v:20:y:2019:i:1:p:53-69:n:2
    DOI: 10.1515/pwp-2018-0030
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    Cited by:

    1. Görg Holger, 2019. "Ausländische Direktinvestitionen in Deutschland – die große Angst vor China," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 68(1), pages 28-35, May.

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    More about this item

    Keywords

    F23; Ausländische Direktinvestitionen; Empfängerland; Unternehmensdaten;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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