Foreign Ownership and the Extensive Margins of Exports: Evidence for Manufacturing Enterprises in Germany

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Foreign Ownership and the Extensive Margins of Exports: Evidence for Manufacturing Enterprises in Germany. / Raff, Horst; Wagner, Joachim.
In: World Economy, Vol. 37, No. 5, 05.2014, p. 579-591.

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@article{3ce621ec7b6c4a7aba267ec36e0b049b,
title = "Foreign Ownership and the Extensive Margins of Exports: Evidence for Manufacturing Enterprises in Germany",
abstract = "We examine how foreign ownership of a firm affects the variety of goods that the firm exports and the number of countries it trades with. We construct a simple theoretical model of how foreign ownership may affect these extensive margins of exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with theoretical predictions we find that foreign-owned firms do export more goods to more countries after controlling for firm size, productivity and industry affiliation. These differences between foreign-owned firms and domestically controlled firms are highly statistically significant, and they are large from an economic point of view, with foreign-owned firms exporting up to 39 per cent more goods to up to 31 per cent more countries.",
keywords = "Economics, Export, firm size, goods exchange, manufacturing, ownership, productivity, Economics, empirical/statistics",
author = "Horst Raff and Joachim Wagner",
year = "2014",
month = may,
doi = "10.1111/twec.12157",
language = "English",
volume = "37",
pages = "579--591",
journal = "World Economy",
issn = "0378-5920",
publisher = "Wiley-Blackwell Publishing Ltd.",
number = "5",

}

RIS

TY - JOUR

T1 - Foreign Ownership and the Extensive Margins of Exports

T2 - Evidence for Manufacturing Enterprises in Germany

AU - Raff, Horst

AU - Wagner, Joachim

PY - 2014/5

Y1 - 2014/5

N2 - We examine how foreign ownership of a firm affects the variety of goods that the firm exports and the number of countries it trades with. We construct a simple theoretical model of how foreign ownership may affect these extensive margins of exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with theoretical predictions we find that foreign-owned firms do export more goods to more countries after controlling for firm size, productivity and industry affiliation. These differences between foreign-owned firms and domestically controlled firms are highly statistically significant, and they are large from an economic point of view, with foreign-owned firms exporting up to 39 per cent more goods to up to 31 per cent more countries.

AB - We examine how foreign ownership of a firm affects the variety of goods that the firm exports and the number of countries it trades with. We construct a simple theoretical model of how foreign ownership may affect these extensive margins of exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with theoretical predictions we find that foreign-owned firms do export more goods to more countries after controlling for firm size, productivity and industry affiliation. These differences between foreign-owned firms and domestically controlled firms are highly statistically significant, and they are large from an economic point of view, with foreign-owned firms exporting up to 39 per cent more goods to up to 31 per cent more countries.

KW - Economics

KW - Export

KW - firm size

KW - goods exchange

KW - manufacturing

KW - ownership

KW - productivity

KW - Economics, empirical/statistics

UR - http://www.scopus.com/inward/record.url?scp=84899932588&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/aa87782e-ab2b-37db-9d58-a7ffd255ac63/

U2 - 10.1111/twec.12157

DO - 10.1111/twec.12157

M3 - Journal articles

AN - SCOPUS:84899932588

VL - 37

SP - 579

EP - 591

JO - World Economy

JF - World Economy

SN - 0378-5920

IS - 5

ER -

DOI