Foreign Capital, Spillovers and Export Performance in Emerging Economies: Evidence from I ndian IT Firms
The role of foreign capital inflow, foreign direct investment ( FDI ) and foreign portfolio investment ( FPI ), on export behavior of both recipients and non‐recipient competing firms in the same sector often guides economic development policy. By using panel data of I ndian IT firms over 2000–2006,...
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| Veröffentlicht in: | Review of development economics 2014-11, Vol.18 (4), p.681-692 |
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| container_title | Review of development economics |
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| creator | Kemme, David M. Nikolsko‐Rzhevskyy, Alex Mukherjee, Deepraj |
| description | The role of foreign capital inflow, foreign direct investment (
FDI
) and foreign portfolio investment (
FPI
), on export behavior of both recipients and non‐recipient competing firms in the same sector often guides economic development policy. By using panel data of
I
ndian
IT
firms over 2000–2006, we show that
FDI
reduces the sunk costs of entering foreign markets and therefore positively effects both the decision to export and the export propensity of recipient firms. Foreign portfolio investment has no effect on the decision to export, but it does marginally increase the volume of exports. Further, these positive
FDI
and
FPI
recipient effects do not spill‐over to non‐recipients. |
| doi_str_mv | 10.1111/rode.12111 |
| format | Article |
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FDI
) and foreign portfolio investment (
FPI
), on export behavior of both recipients and non‐recipient competing firms in the same sector often guides economic development policy. By using panel data of
I
ndian
IT
firms over 2000–2006, we show that
FDI
reduces the sunk costs of entering foreign markets and therefore positively effects both the decision to export and the export propensity of recipient firms. Foreign portfolio investment has no effect on the decision to export, but it does marginally increase the volume of exports. Further, these positive
FDI
and
FPI
recipient effects do not spill‐over to non‐recipients.</description><identifier>ISSN: 1363-6669</identifier><identifier>EISSN: 1467-9361</identifier><identifier>DOI: 10.1111/rode.12111</identifier><language>eng</language><ispartof>Review of development economics, 2014-11, Vol.18 (4), p.681-692</ispartof><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c761-deab1b79c73d501f774ed9f1604288e1d887e8374156a273cc2ba39aac9f32633</citedby><cites>FETCH-LOGICAL-c761-deab1b79c73d501f774ed9f1604288e1d887e8374156a273cc2ba39aac9f32633</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Kemme, David M.</creatorcontrib><creatorcontrib>Nikolsko‐Rzhevskyy, Alex</creatorcontrib><creatorcontrib>Mukherjee, Deepraj</creatorcontrib><title>Foreign Capital, Spillovers and Export Performance in Emerging Economies: Evidence from I ndian IT Firms</title><title>Review of development economics</title><description>The role of foreign capital inflow, foreign direct investment (
FDI
) and foreign portfolio investment (
FPI
), on export behavior of both recipients and non‐recipient competing firms in the same sector often guides economic development policy. By using panel data of
I
ndian
IT
firms over 2000–2006, we show that
FDI
reduces the sunk costs of entering foreign markets and therefore positively effects both the decision to export and the export propensity of recipient firms. Foreign portfolio investment has no effect on the decision to export, but it does marginally increase the volume of exports. Further, these positive
FDI
and
FPI
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FDI
) and foreign portfolio investment (
FPI
), on export behavior of both recipients and non‐recipient competing firms in the same sector often guides economic development policy. By using panel data of
I
ndian
IT
firms over 2000–2006, we show that
FDI
reduces the sunk costs of entering foreign markets and therefore positively effects both the decision to export and the export propensity of recipient firms. Foreign portfolio investment has no effect on the decision to export, but it does marginally increase the volume of exports. Further, these positive
FDI
and
FPI
recipient effects do not spill‐over to non‐recipients.</abstract><doi>10.1111/rode.12111</doi><tpages>12</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1363-6669 |
| ispartof | Review of development economics, 2014-11, Vol.18 (4), p.681-692 |
| issn | 1363-6669 1467-9361 |
| language | eng |
| recordid | cdi_crossref_primary_10_1111_rode_12111 |
| source | Wiley Journals; Business Source Complete |
| title | Foreign Capital, Spillovers and Export Performance in Emerging Economies: Evidence from I ndian IT Firms |
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