The Impacts of Foreign Ownership on the Productivity of Korean Manufacturing Firms : The Impacts of Foreign Ownership on the Productivity of Korean Manufacturing Firms
The Impacts of Foreign Ownership on the Productivity of Korean Manufacturing Firms
- 주제(키워드) foreign ownership , spillovers , productivity , foreign ownership , spillovers , productivity
- 발행기관 한국경제학회
- 발행년도 2005
- 총서유형 Journal
- UCI G704-000213.2005.21.1.003
- KCI ID ART001104131
초록/요약
Using Korean firm-level panel data since the financial crisis, this paper shows that considering two possible econometric issues: unobservable firm-specific effects and potential endogeneity of foreign ownership, fixed-effect and first-differenced panel estimation results with instrumental variables present neither own productivity nor spillover effects of foreign ownership on local companies. This contrasts the results of estimation wherein the two econometric issues are neglected, showing contemporaneously positive and significant own productivity and spillover effects.
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