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Explaining foreign ownership by comparative and competitive advantage. Empirical evidence.

Bellak, Christian (1999) Explaining foreign ownership by comparative and competitive advantage. Empirical evidence. Department of Economics Working Paper Series, 62. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

This paper provides empirical evidence on the determinants of foreign ownership in manufacturing industries. Foreign ownership, according to the theory of international production, is the result of the combination of comparative and competitive advantage. An adequate examination of the ownership structure of an industry requires the ability to establish empirically the extent to which international competitiveness of firms rests on comparative and competitive advantage. Analysis is based on a sample of the 30 largest manufacturing firms in Austria. The distinction and definition of comparative and competitive advantage as used in this paper and following from it the conclusions about the ownership structure are consistent with the empirical evidence about the share of employees in foreign-owned firms on the industry level. In particular, the classification of firms as foreign- or domestically-owned is in line with the revealed performance differences between foreign and domestic firms. (author's abstract)

Item Type: Paper
Keywords: foreign direct investment / comparative advantage / multinational enterprises / international production
Classification Codes: JEL F1, F23, L2, L60
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 28 Feb 2002 13:50
Last Modified: 08 Jun 2011 18:26
URI: http://epub.wu.ac.at/id/eprint/96

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