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Investissements directs à l'étranger des multinationales françaises et relations commerciales avec leurs filiales. Une analyse sur données individuelles d'entreprises

Author

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  • Séverine Chédor
  • Jean-Louis Mucchielli
  • Isabelle Soubaya

Abstract

[fre] Dans le cadre des débats sur la substitution-complémentarité entre les investissements directs à l'étranger et le commerce extérieur, il a souvent été mis en évidence une discordance entre les hypothèses théoriques et les résultats empiriques. Ce débat existe pour l'ensemble des pays et en particulier pour la France. Une précédente étude menée sur données individuelles d'entreprises avait mis en évidence une relation globale de complémentarité entre les investissements à l'étranger des firmes françaises et leurs exportations (Chédor et Mucchielli [1998]). L'objectif de cette nouvelle analyse est d'approfondir cette relation en examinant à quel type d'échanges les investissements directs sont plus directement reliés. Nous avons alors analysé les relations d'échanges des entreprises françaises qui investissent à l'étranger, soit avec leurs propres filiales (échanges intra-firme), soit avec les autres entreprises des pays étrangers (échanges appelés ici inter-firmes). Les nouveaux résultats indiquent que la complémentarité entre les investissements directs et le commerce total des entreprises multinationales françaises s'explique par une forte complémentarité du commerce intra-firme et par une substitution inter-firmes. [eng] Foreign direct investment of French Multinational Firms and trade relation with their affiliates: an empirical analysis on individual firms data. . In the debate over the substitution-complementarity relationship between foreign direct investment (FDI) and trade, studies usually consider aggregated trade flows. We pursue this debate by considering individual data for French Multinational Firms. Previous results show a complementarity between trade and FDI (Chedor & Mucchielli, 1998). We wanted to deepen this first analysis by considering the two different components of global trade: intra-firm (trade between a parent company and its affiliates) and inter-firm trade (or arm's length transactions). We examine to what extent intra or inter-firm trade are more complement or substitute to FDI. We finally found that complementarity for global trade is explained by a strong complementarity for intra-firm trade and a substitution for inter-firm trade.

Suggested Citation

  • Séverine Chédor & Jean-Louis Mucchielli & Isabelle Soubaya, 2000. "Investissements directs à l'étranger des multinationales françaises et relations commerciales avec leurs filiales. Une analyse sur données individuelles d'entreprises," Revue Économique, Programme National Persée, vol. 51(3), pages 747-760.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_3_410552
    Note: DOI:10.3406/reco.2000.410552
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    Cited by:

    1. repec:eee:ecanpo:v:54:y:2017:i:c:p:15-25 is not listed on IDEAS
    2. Rosa Forte, 2004. "The relationship between foreign direct investment and international trade. Substitution or complementarity? A survey," FEP Working Papers 140, Universidade do Porto, Faculdade de Economia do Porto.
    3. Manuela Magalhães & Ana Paula Africano, 2007. "A Panel Analysis of the FDI Impact on International Trade," FEP Working Papers 235, Universidade do Porto, Faculdade de Economia do Porto.
    4. Ana Paula Africano & Manuela Magalhaes, 2005. "FDI and Trade in Portugal: a gravity analysis," FEP Working Papers 174, Universidade do Porto, Faculdade de Economia do Porto.

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