Factors affecting inter-industry variation of foreign ownership of manufacturing industry

Ratnayake, Ravindra

doi:10.1080/00036849300000010

Cited by 7 publications

(2 citation statements)

References 17 publications

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“…An alternative cross‐sectional model was employed by Ratnayake (1993) where inter‐industry fluctuations of foreign ownership in Australia were examined within 132 manufacturing sectors. Defined as the percentage of sales by foreign‐owned firms, foreign ownership was evaluated using a simultaneous equation model.…”

Section: Australian Evidence On Fdimentioning

confidence: 99%

The Determinants of Foreign Direct Investment: A Review and Re‐Analysis of Evidence from Australia

Rafidi¹,

Verikios²

2021

Australian Economic Review

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Foreign direct investment (FDI) is foundational to economic growth. Despite this, the Australian empirical literature is limited. Therefore we examine the empirical determinants of Australia's inflow of FDI to understand the factors that motivate FDI. Using autoregressive distributed lag models, the study also highlights how these determinants change across time. While inward FDI can be explained by various theories it is most effectively understood by Dunning's Ownership, Locational and Internalisation framework. Therefore, the factors most important in Australia to attracting FDI are monetary policy, productivity, a competitive tax structure, labour market flexibility and costs of trade and investment.

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Section: Australian Evidence On Fdimentioning

confidence: 99%

The Determinants of Foreign Direct Investment: A Review and Re‐Analysis of Evidence from Australia

Rafidi¹,

Verikios²

2021

Australian Economic Review

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“…As the largest developing host economy of FDI, China approved 552 942 foreign ©2008 The Author Journal compilation ©2008 Institute of World Economics and Politics, Chinese Academy of Social Sciences advantages accruing from the operation of multiplant enterprises and the strength of entrepreneurial resources. Ratnayake (1993) concludes that foreign ownership of industry tends to be higher in skill-intensive and technology-intensive industries and those in industries enjoying high-level protection in Australia. Aswicahyono and Hill (1994) examine determinants of foreign investment shares in the Indonesian manufacturing sector and find product differentiation, technological capacity, skill intensity, absolute capital requirements, economies of scale and domestic policy regime to be significant in driving FDI.…”

Section: Introductionmentioning

confidence: 97%

Foreign Manufacturing Investment in China: The Role of Industrial Agglomeration and Industrial Linkages

2008

China and World Economy

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This paper investigates the forces that determine the industrial distribution of foreign manufacturing investment. It highlights the importance of industrial agglomeration and industrial linkage in attracting foreign investment to manufacturing industries. Using panel data for two-digit manufacturing industries in Beijing during the period of 1999-2004, this study finds that geographically agglomerated industries with strong intra-industrial linkages are indeed attractive to foreign investment. Previous foreign investment has led to the current industrial concentration of foreign investment. Investors also favor capital-intensive and technology-intensive industries, and they tend to be attracted to the most profitable and exporting industries, but avoid industries with high real labor costs and high entry barriers. Competitive local industries that possess comparative advantages are critical for attracting foreign investment. The existence of industrial clusters certainly enhances a city's attractiveness to foreign investment. Copyright (c) 2008 The Author. Journal compilation (c) 2008 Institute of World Economics and Politics, Chinese Academy of Social Sciences.

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Headquarters and Subsidiaries in Multinational Corporations

Johnston¹

2005

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Factors affecting inter-industry variation of foreign ownership of manufacturing industry

Cited by 7 publications

References 17 publications

The Determinants of Foreign Direct Investment: A Review and Re‐Analysis of Evidence from Australia

The Determinants of Foreign Direct Investment: A Review and Re‐Analysis of Evidence from Australia

Foreign Manufacturing Investment in China: The Role of Industrial Agglomeration and Industrial Linkages

Headquarters and Subsidiaries in Multinational Corporations

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