Outward foreign direct investment and technical efficiency: Evidence from Taiwan's manufacturing firms

被引：33
|
作者：
Yang, Shu-Fei [1 ]
Chen, Kun-Ming [2 ]
Huang, Tai-Hsin [3 ]
机构：
[1] Reg Dev Study Ctr, Chung Hua Inst Econ Res, Taipei 106, Taiwan
[2] Natl Chengchi Univ, Dept Int Business, Taipei 116, Taiwan
[3] Natl Chengchi Univ, Dept Money & Banking, Taipei 116, Taiwan
来源：
JOURNAL OF ASIAN ECONOMICS | 2013年 / 27卷
关键词：
Foreign direct investment; Technical efficiency; Metafrontier; DEA; Propensity score matching method;
D O I：
10.1016/j.asieco.2013.04.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper uses firm-level panel data from Taiwan's manufacturing industries from 1987 to 2000 to investigate the impact of outward foreign direct investment (OFDI) on the technical efficiency of the OFDI firms. Propensity score matching is used to construct an appropriate group of non-OFDI firms to compare with OFDI firms, and a metafrontier framework is subsequently used to calculate comparable technical efficiencies for both groups of firms. Our empirical results reveal that the technical efficiencies of Taiwan's manufacturing firms were increasing over the entire sample period. In addition, our results suggest that the technological advances and the technical efficiency of Taiwan's manufacturing firms are positively correlated with their OFDI activity. (C) 2013 Elsevier Inc. All rights reserved.
引用
收藏
页码：7 / 17
页数：11
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