Foreign Plants and Industry Productivity: Evidence from Chile
利用智利制造业面板数据，发现外资工厂生产率更高、规模更大，且其存在能提升同行业同地区本土工厂的生产率，并促使低效本土工厂退出。
Abstract This paper presents new evidence on foreign plants and their effects on a host industry. I test the predictions of a Melitz‐type model using a panel of domestic and foreign plants in the Chilean manufacturing sector. Foreign ownership is a strong predictor of plant productivity and size advantages. Moreover, productivity gains for a domestic incumbent are positively associated with foreign plants' presence in the same industry and region. I also find a positive correlation between foreign entry and exit of less productive domestic plants, but inconclusive evidence on the effects on productivity of new domestic plants.