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Size and Foreign Ownership Effects on Productivity and Efficiency
Mahmut Yaşar
Catherine J. Morrison Paul
其他書名
An Analysis of Turkish Motor Vehicle and Parts Plants
出版
SSRN
, 2009
URL
http://books.google.com.hk/books?id=g7PbzwEACAAJ&hl=&source=gbs_api
註釋
The levels and interactions of foreign connections and size may be important determinants of plant productivity and efficiency, particularly in a developing country such as Turkey. We explore the productive contributions of foreign ownership (FDI), emphasizing its linkages with plant size and input composition, for plants in the Turkish motor vehicle and parts industry. We evaluate the implications of FDI for overall productivity, input-specific contributions, and returns to scale, using OLS, stochastic production frontier, and quantile (size-specific) regression estimates of a translog production function model. We find significantly higher productivity of plants with foreign ownership, driven by a higher marginal product of labor, particularly for smaller plants. This effect augments the productive contributions of technical progress, capital intensity, and increasing returns to scale. FDI is also associated with a greater productive contribution of imported capital investment.