Exports, Foreign Direct Investments and Productivity: Are Services Firms different?
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In: The Service Industries Journal, Vol. 34, No. 1, 02.01.2014, p. 24 - 37.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Exports, Foreign Direct Investments and Productivity
T2 - Are Services Firms different?
AU - Wagner, Joachim
PY - 2014/1/2
Y1 - 2014/1/2
N2 - This paper contributes to the literature on international firm activities by providing the first evidence on the link between productivity and both exports and foreign direct investment (FDI) in services firms from a highly developed country. It uses unique new data from Germany, one of the leading actors in the world market for services. Statistical tests and regression analyses indicate that the productivity pecking order found in numerous studies using data for firms from manufacturing industries – where the firms with the highest productivity engage in FDI while the least productive firms serve the home market only and the productivity of exporting firms is in between – does not exist among firms from services industries. There is evidence that firms with FDI are less productive than firms that export; this finding is in line with recent empirical results reported for software firms from India.
AB - This paper contributes to the literature on international firm activities by providing the first evidence on the link between productivity and both exports and foreign direct investment (FDI) in services firms from a highly developed country. It uses unique new data from Germany, one of the leading actors in the world market for services. Statistical tests and regression analyses indicate that the productivity pecking order found in numerous studies using data for firms from manufacturing industries – where the firms with the highest productivity engage in FDI while the least productive firms serve the home market only and the productivity of exporting firms is in between – does not exist among firms from services industries. There is evidence that firms with FDI are less productive than firms that export; this finding is in line with recent empirical results reported for software firms from India.
KW - Economics
KW - export
KW - foreign direct investment
KW - productivity
U2 - 10.1080/02642069.2013.763344
DO - 10.1080/02642069.2013.763344
M3 - Journal articles
VL - 34
SP - 24
EP - 37
JO - The Service Industries Journal
JF - The Service Industries Journal
SN - 0264-2069
IS - 1
ER -