Exposure to FDI and new plant survival: evidence in Canada
研究了1973-1997年加拿大制造业中,外商直接投资通过行业内竞争和行业间上下游关联对本土新设企业生存的影响,发现行业间正向效应大于行业内负向效应。
Abstract This paper examines the effects of FDI on indigenous new plants’ survival, through intra‐ and inter‐industry economic linkages. It includes all manufacturing plants born to indigenous firms from 1973 to 1997 in Canada. The study finds that indigenous plants tend to have shorter lives (more deaths) due to competition with FDI affiliates operating in the same industry, but they benefit from FDI affiliates operating both in downstream industries as customers and in upstream industries as suppliers. The positive inter‐industry effects of FDI outweigh the negative intra‐industry effects, resulting in a net positive impact of FDI on the durations of indigeneous plants.