Advertisement

Conclusions

  • Valeria Gattai
  • Rajssa Mechelli
  • Piergiovanna Natale
Chapter

Abstract

In this chapter, we provide some concluding remarks and suggest future lines of research. To this end, we briefly summarize the content of the previous chapters and comment extensively on the empirical results of our multi-country versus single-country empirical analysis. These results are put in perspective and contrasted with previous studies on related issues, to stress the contribution this book aims to provide to the Foreign Direct Investment (FDI) literature. Empirical posteriors and theoretical priors are matched, to suggest that our findings are not a mere replica of others’ results, but they rather shed some light on previously neglected sides of the Outward Direct Investment (ODI)-performance nexus. In particular, we show that the positive correlation between ODI and firm performance is a matter of both involvement versus non-involvement in ODI and the type of ODI that a firm undertakes. Being true for China and India as well as for the overall group of BRIC economies—embracing also Brazil and Russia—this is a novel contribution of this book. Clearly, this could not be addressed by previous studies as they were based on a more elementary taxonomy of ODI.

At the end of this chapter, policy implications are derived and carefully discussed.

Keywords

FDI ODI Firm performance BRIC China India 

References

  1. Andreff, W. (2015). Outward Foreign Direct Investment from BRIC Countries: Comparing Strategies of Brazilian, Russian, Indian and Chinese Multinational Companies. European Journal of Comparative Economics, 12, 79–131.Google Scholar
  2. Dai, M., & Yu, M. (2013). Firm R&D, Absorptive Capacity and Learning by Exporting: Firm-Level Evidence from China. World Economy, 36, 1131–1145.CrossRefGoogle Scholar
  3. Du, J., Lu, Y., Tao, Z., & Yu, L. (2012). Do Domestic and Foreign Exporters Differ in Learning by Exporting? Evidence from China. China Economic Review, 23, 296–315.CrossRefGoogle Scholar
  4. Haidar, J. (2012). Trade and Productivity: Self-Selection or Learning-by-Exporting in India. Economic Modelling, 29, 1766–1773.CrossRefGoogle Scholar
  5. Javorcik, B., Lo Turco, A., & Maggioni, D. (2017). New and Improved: Does FDI Boost Production Complexity in Host Countries? C.E.P.R. Discussion Papers.Google Scholar
  6. Javorcik, B., & Spatareanu, M. (2009). Tough Love: Do Czech Suppliers Learn from Their Relationships with Multinationals? Scandinavian Journal of Economics, 111, 811–833.CrossRefGoogle Scholar
  7. Kraay, A. (1999). Exports and Economic Performance: Evidence from a Panel of Chinese Enterprises. Revue d’ Economie du Development, 1, 183–207.Google Scholar
  8. Li, C., & Yin, X. (2010). The “Productivity Paradox” of Chinese Export Firms: Review and Assessment. China Economist, 25, 74–82.Google Scholar
  9. Lu, D. (2012). Exceptional Exporter Performance? Evidence from Chinese Manufacturing Firms. Working Paper University of Rochester.Google Scholar
  10. Ma, Y., Tang, H., & Zhang, Y. (2014). Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters. Journal of International Economics, 92, 349–362.CrossRefGoogle Scholar
  11. Mallick, S., & Yang, Y. (2013). Productivity Performance of Export Market Entry and Exit: Evidence from Indian Firms. Review of International Economics, 21, 809–824.CrossRefGoogle Scholar
  12. Park, A., Yang, D., Shi, X., et al. (2010). Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis. Review of Economics and Statistics, 92, 822–842.CrossRefGoogle Scholar
  13. Sauvant, K. (2011). China: Inward and Outward Foreign Direct Investment. Transnational Corporations Review, 3, 1–4.CrossRefGoogle Scholar
  14. Van Biesebroeck, J. (2014). Productivity, Exporting and Financial Constraints of Chinese SMEs. IDB Working Paper 506.Google Scholar
  15. Wang, H., Yang, J., & Lai, M. (2009). Export Behaviour and Firm Productivity in China. Journal of Chinese Economic and Business Studies, 7, 409–428.CrossRefGoogle Scholar
  16. Yang, Y. (2008). The Impact of Exporting on Firm Performance: Evidence from Chinese Firms. London: Queen Mary University of London Mimeo.Google Scholar
  17. Yang, Y., & Mallick, S. (2010). Export Premium, Self-Selection and Learning-by-Exporting: Evidence from Chinese Matched Firms. The World Economy, 33, 1218–1240.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Valeria Gattai
    • 1
  • Rajssa Mechelli
    • 2
  • Piergiovanna Natale
    • 1
  1. 1.University of Milano-BicoccaMilanItaly
  2. 2.Catholic University of the Sacred HeartMilanItaly

Personalised recommendations