Export-oriented FDI in the UK
研究发现,在英外资企业比本土企业更可能出口、出口强度更高,且对英国制造业总出口贡献不成比例地大;企业层面优势只能部分解释差异,战略因素(如成本、生产率和市场规模差异)起主导作用。
It is well known that the performance of foreign firms compared to domestic companies is superior with respect to employment, wages, and productivity. In this paper we detail the export behaviour of foreign affiliates in the United Kingdom relative to indigenous firms. Our findings show that foreign firms are more likely to export, and when they do so they are more export intensive and overall contribute disproportionately to total manufacturing exports from the UK. While firm-level advantages explain some of these differences in export behaviour, strategic considerations dominate, where these include the differential in costs, productivity, and market size between the UK and foreign countries. That is, both horizontal and vertical motives can be found for the use of the UK as an export platform by foreign firms. Copyright 2004, Oxford University Press.