Regional Underdevelopment: Is FDI the Solution? A Semiparametric Analysis |
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Page 6
... productivity and the probability of exit . Smaller establishments ( which are less capital intensive ) are more likely to shut down following a negative productivity shock . In a production function regression framework , this will ...
... productivity and the probability of exit . Smaller establishments ( which are less capital intensive ) are more likely to shut down following a negative productivity shock . In a production function regression framework , this will ...
Page 8
... productivity shock @ and a threshold productivity level . If the establishment's actual productivity is below w , its future profitability is less than its liquidation value , and this triggers its exit from the market . In this paper ...
... productivity shock @ and a threshold productivity level . If the establishment's actual productivity is below w , its future profitability is less than its liquidation value , and this triggers its exit from the market . In this paper ...
Page 9
... productivity shocks . This implies that the basic monotonicity condition of the investment function might be violated . The fact that productivity shock is proxied by investment only is also a cause for concern , although the effect of ...
... productivity shocks . This implies that the basic monotonicity condition of the investment function might be violated . The fact that productivity shock is proxied by investment only is also a cause for concern , although the effect of ...
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AA regions analysis Assisted Area status benefit capital accumulation rule capital intensity CEPR coefficients competition regulations data set Discussion Paper domestic establishments domestic firms domestic plants econometric electronics industry electronics sector establishment's estimate of ẞ factors of production FDI variables FDI1 Japan FDI1 USA FDI2 FDI3 first-difference fixed effects foreign affiliates foreign direct investment foreign employment foreign firms foreign-owned firms incentives indicate investment function Japanese affiliates Japanese FDI less developed regions level of spillovers linkages Markov process MNE locates multi-plant establishments multinational firms non-selected occur from foreign output parametric parametric estimates plant exit polynomial positive spillovers production function productivity differential productivity shock productivity spillovers productivity than domestic R-squared regional FDI regional level regional spillovers regression sample selection bias selection problem semiparametric estimator semiparametric regression skilled spillovers to domestic subscription Table time-varying endogeneity total factor productivity University of Nottingham Variant A Variant Y₁