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題名 Labor Market Institutions and Outward Foreign Direct Investment in OECD Countries
作者 李佳怡
Lee, Chia-yi
申美貞
Shin, Mi Jeong
貢獻者 國際事務學院
關鍵詞 Labor union; wage bargaining institution; outward foreign direct investment (OFDI); OECD
日期 2019-09
上傳時間 26-May-2020 14:18:25 (UTC+8)
摘要 Concern among voters in the United States and elsewhere about jobs moving overseas has spurred significant research into outward foreign direct investment (OFDI), which can depress employment and economic growth. Recent research shows that labor market institutions play a prominent role in influencing inward foreign direct investment in developed economies, but little is known about how such institutions influence OFDI. We argue that increasing labor union density or centralized wage bargaining threatens firms’ profitability and thus leads to higher OFDI flows. Yet union density and coordination of wage setting moderate each other’s effect on OFDI since firms can expect wage moderation, fewer strikes, and labor skill protection that offset labor costs. Our tests using data on 27 Organization for Economic Cooperation and Development member countries between 1971 and 2013 suggest this is the case. The findings indicate that a highly stable and institutionalized labor market can lead firms to stay and to return if they have left.
關聯 International Interactions, Vol.45, No.5, pp.781-803
資料類型 article
DOI https://doi.org/10.1080/03050629.2019.1642885
dc.contributor 國際事務學院
dc.creator (作者) 李佳怡
dc.creator (作者) Lee, Chia-yi
dc.creator (作者) 申美貞
dc.creator (作者) Shin, Mi Jeong
dc.date (日期) 2019-09
dc.date.accessioned 26-May-2020 14:18:25 (UTC+8)-
dc.date.available 26-May-2020 14:18:25 (UTC+8)-
dc.date.issued (上傳時間) 26-May-2020 14:18:25 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/129881-
dc.description.abstract (摘要) Concern among voters in the United States and elsewhere about jobs moving overseas has spurred significant research into outward foreign direct investment (OFDI), which can depress employment and economic growth. Recent research shows that labor market institutions play a prominent role in influencing inward foreign direct investment in developed economies, but little is known about how such institutions influence OFDI. We argue that increasing labor union density or centralized wage bargaining threatens firms’ profitability and thus leads to higher OFDI flows. Yet union density and coordination of wage setting moderate each other’s effect on OFDI since firms can expect wage moderation, fewer strikes, and labor skill protection that offset labor costs. Our tests using data on 27 Organization for Economic Cooperation and Development member countries between 1971 and 2013 suggest this is the case. The findings indicate that a highly stable and institutionalized labor market can lead firms to stay and to return if they have left.
dc.format.extent 1849869 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) International Interactions, Vol.45, No.5, pp.781-803
dc.subject (關鍵詞) Labor union; wage bargaining institution; outward foreign direct investment (OFDI); OECD
dc.title (題名) Labor Market Institutions and Outward Foreign Direct Investment in OECD Countries
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1080/03050629.2019.1642885
dc.doi.uri (DOI) https://doi.org/10.1080/03050629.2019.1642885