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題名 Impact of Outward Foreign Direct Investment on Domestic R&D Activity: Evidence from Taiwan’s Multinational Enterprises in Low-wage Countries
作者 陳坤銘
Chen, Kun-Ming ; Yang,Shu-Fei
貢獻者 國貿系
關鍵詞 R&D;foreign direct investment;propensity score matching method
日期 2013-03
上傳時間 21-十一月-2013 14:56:50 (UTC+8)
摘要 This paper theoretically and empirically investigates the home-country effects of a firm`s outward foreign direct investment (OFDI) activity, specifically OFDI motivated by lower labor costs in the host country. A two-country imperfect competition model is developed, and the interaction between a firm`s R&D spending and its OFDI is examined. It is found that the relationship between a firm`s OFDI and its domestic R&D is indeterminate because there is a complementary effect as well as a substitution effect induced by OFDI activity. Panel data on Taiwanese manufacturing firms from 1992–2005 are applied to test the validity of the theoretical results. The propensity score matching method is used to construct a comparison group without selection bias. Our empirical evidence reveals that a Taiwanese firm`s OFDI is positively related to its domestic R&D spending, particularly in R&D-intensive industries.
關聯 Asian Economic Journal, 27, (1),17-38
資料類型 article
DOI http://dx.doi.org/10.1111/asej.12000
dc.contributor 國貿系en_US
dc.creator (作者) 陳坤銘zh_TW
dc.creator (作者) Chen, Kun-Ming ; Yang,Shu-Feien_US
dc.date (日期) 2013-03en_US
dc.date.accessioned 21-十一月-2013 14:56:50 (UTC+8)-
dc.date.available 21-十一月-2013 14:56:50 (UTC+8)-
dc.date.issued (上傳時間) 21-十一月-2013 14:56:50 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/61759-
dc.description.abstract (摘要) This paper theoretically and empirically investigates the home-country effects of a firm`s outward foreign direct investment (OFDI) activity, specifically OFDI motivated by lower labor costs in the host country. A two-country imperfect competition model is developed, and the interaction between a firm`s R&D spending and its OFDI is examined. It is found that the relationship between a firm`s OFDI and its domestic R&D is indeterminate because there is a complementary effect as well as a substitution effect induced by OFDI activity. Panel data on Taiwanese manufacturing firms from 1992–2005 are applied to test the validity of the theoretical results. The propensity score matching method is used to construct a comparison group without selection bias. Our empirical evidence reveals that a Taiwanese firm`s OFDI is positively related to its domestic R&D spending, particularly in R&D-intensive industries.en_US
dc.format.extent 158671 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Asian Economic Journal, 27, (1),17-38en_US
dc.subject (關鍵詞) R&D;foreign direct investment;propensity score matching methoden_US
dc.title (題名) Impact of Outward Foreign Direct Investment on Domestic R&D Activity: Evidence from Taiwan’s Multinational Enterprises in Low-wage Countriesen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1111/asej.12000en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1111/asej.12000en_US