Arbeitspapier

Exports, foreign direct investment, and productivity: Evidence from German firm level data

This paper presents the first empirical test with German establishment level data of a hypothesis derived by Helpman, Melitz and Yeaple in a model that explains the decision of heterogeneous firms to serve foreign markets either trough exports or foreign direct investment: only the more productive firms choose to serve the foreign markets, and the most productive among this group will further choose to serve these markets via foreign direct investments. Using a non-parametric test for first order stochastic dominance it is shown that, in line with this hypothesis, the productivity distribution of foreign direct investors dominates that of exporters, which in turn dominates that of national market suppliers.

Sprache
Englisch

Erschienen in
Series: HWWA Discussion Paper ; No. 318

Klassifikation
Wirtschaft
Multinational Firms; International Business
Empirical Studies of Trade
Firm Behavior: Theory
Thema
Exports
foreign direct investment
productivity
heterogeneous firms
stochastic dominance
Exportindustrie
Produktivität
Direktinvestition
Multinationales Unternehmen
Schätzung
Deutschland

Ereignis
Geistige Schöpfung
(wer)
Wagner, Joachim
Ereignis
Veröffentlichung
(wer)
Hamburg Institute of International Economics (HWWA)
(wo)
Hamburg
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Wagner, Joachim
  • Hamburg Institute of International Economics (HWWA)

Entstanden

  • 2005

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