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Multinationals and market structure in an open developing economy: The case of Malaysia

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  • Sanjaya Lall

Abstract

The relationship between industrial market structure and foreign investment has been extensively studied in recent years, but almost exclusively to analyse the sorts of structures that give rise to multinational companies (MNCs), and then mainly in the context of advanced economies.2 The opposite chain of causation, from MNC entry to market structures in host countries, has been relatively neglected. Only occasional note has been taken of this issue in theoretical literature,3 and only a few empirical studies in developed countries4 and less developed ones5 have made rather desultory attempts to analyse it statistically.
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  • Sanjaya Lall, 1979. "Multinationals and market structure in an open developing economy: The case of Malaysia," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(2), pages 325-350, June.
    • Handle: RePEc:spr:weltar:v:115:y:1979:i:2:p:325-350
    DOI: 10.1007/BF02696333
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    1. Vanlommel, Emil & de Brabander, Bert & Liebaers, Dirk, 1977. "Industrial Concentration in Belgium: Empirical Comparison of Alternative Seller Concentration Measures," Journal of Industrial Economics, Wiley Blackwell, vol. 26(1), pages 1-20, September.
    2. Horst, Thomas, 1972. "Firm and Industry Determinants of the Decision to Invest Abroad: An Empirical Study," The Review of Economics and Statistics, MIT Press, vol. 54(3), pages 258-266, August.
    3. G. Rosenbluth, 1970. "The Relation between Foreign Control and Concentration in Canadian Industry," Canadian Journal of Economics, Canadian Economics Association, vol. 3(1), pages 14-38, February.
    4. Wolf, Bernard M, 1977. "Industrial Diversification and Internationalization: Some Empirical Evidence," Journal of Industrial Economics, Wiley Blackwell, vol. 26(2), pages 177-191, December.
    5. Lecraw, Donald J, 1977. "Direct Investment by Firms from Less Developed Countries," Oxford Economic Papers, Oxford University Press, vol. 29(3), pages 442-457, November.
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    Cited by:

    1. Rosa Forte & Paula Sarmento, 2012. "Foreign Presence and Market Concentration: The Case of Portuguese Manufacturing Industries," FEP Working Papers 444, Universidade do Porto, Faculdade de Economia do Porto.
    2. Kelly Bird, 1999. "Concentration in Indonesia Manufacturing, 1975-93," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 35(1), pages 43-73.
    3. Yew, Siew Yong., 1988. "Employment effects of multinational enterprises in Malaysia Yew Siew Yong ; International Labour Office, Multinational Enterprises Programme," ILO Working Papers 992629603402676, International Labour Organization.
    4. Nigel Driffield, 2001. "Inward investment, industry concentration and the speed of adjustment," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(2), pages 193-214, June.
    5. Keshari, Pradeep Kumar, 2013. "Comparative performance of foreign affiliates and domestic firms in the Indian machinery industry," MPRA Paper 33076, University Library of Munich, Germany, revised 20 Apr 2013.
    6. repec:ilo:ilowps:304973 is not listed on IDEAS
    7. Marin, Anabel & Sasidharan, Subash, 2010. "Heterogeneous MNC subsidiaries and technological spillovers: Explaining positive and negative effects in India," Research Policy, Elsevier, vol. 39(9), pages 1227-1241, November.
    8. repec:ilo:ilowps:262960 is not listed on IDEAS
    9. Blomstrom, Magnus & Kokko, Ari, 1997. "How foreign investment affects host countries," Policy Research Working Paper Series 1745, The World Bank.
    10. Cassey Lee, 2007. "Competition Policy in Malaysia," Chapters, in: Paul Cook & Raul Fabella & Cassey Lee (ed.), Competitive Advantage and Competition Policy in Developing Countries, chapter 10, Edward Elgar Publishing.
    11. Marzieh Abolhassani & Seçil Hülya Danakol, 2019. "Wage and competition channels of foreign direct investment and new firm entry," Small Business Economics, Springer, vol. 53(4), pages 935-960, December.
    12. Joseph A. Clougherty & Jin Uk Kim & Bradley R. Skousen & Florian Szücs, 2017. "The Foundations of International Business: Cross-Border Investment Activity and the Balance between Market-Power and Efficiency Effects," Journal of Management Studies, Wiley Blackwell, vol. 54(3), pages 340-365, May.
    13. Rosa Portela Forte, 2016. "Multinational firms and host country market structure: A review of empirical literature," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(2), pages 240-265, March.
    14. Nigel Driffield, 2001. "Inward Investment and Host Country Market Structure: The Case of the U.K," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(4), pages 363-378, June.
    15. Okpara, Godwin Chigozie, 2012. "On whether foreign direct investment catalyzes economic development in Nigeria," MPRA Paper 36319, University Library of Munich, Germany, revised 27 Jan 2012.
    16. Sivalingam, G., 1994. "The Economic and social impact of export processing zones : the case of Malaysia," ILO Working Papers 993049733402676, International Labour Organization.
    17. Manlagñit, Maria Chelo V., 2011. "The economic effects of foreign bank presence: Evidence from the Philippines," Journal of International Money and Finance, Elsevier, vol. 30(6), pages 1180-1194, October.
    18. Jatinder Singh, 2011. "Inward Investment and Market Structure in an Open Developing Economy: A Case of India’s Manufacturing Sector," Journal of Economics and Behavioral Studies, AMH International, vol. 2(6), pages 286-297.
    19. Andreas Polk, 1999. "Multilaterale Abkommen f�r Direktinvestitionen - Lernen aus dem MAI?," SOI - Working Papers 9905, Socioeconomic Institute - University of Zurich.
    20. Bertrand, Olivier & Hakkala, Katariina & Norbäck, Pehr-Johan, 2007. "Cross-Border Acquisition or Greenfield Entry: Does it Matter for Affiliate R&D?," Working Paper Series 693, Research Institute of Industrial Economics.

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