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Foreign ownership and export propensity: the slovenian experience

Author

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  • Matija Rojec
  • Jože P. Damijan
  • Boris Majcen

Abstract

This paper discusses the determinants of export propensity of foreign firms in the Slovenian manufacturing sector relative to domestic firms. Using panel framework we show that superior export propensity of foreign firms is significant due to the foreign ownership and that differences in fundamental operational characteristics between domestic and foreign firms significantly affect their export propensity.

Suggested Citation

  • Matija Rojec & Jože P. Damijan & Boris Majcen, 2002. "Foreign ownership and export propensity: the slovenian experience," Prague Economic Papers, Prague University of Economics and Business, vol. 2002(4), pages 339-355.
    • Handle: RePEc:prg:jnlpep:v:2002:y:2002:i:4:id:201
    DOI: 10.18267/j.pep.201
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    References listed on IDEAS

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    1. Mona V Makhija & Kwangsoo Kim & Sandra D Williamson, 1997. "Measuring Globalization of Industries Using a National Industry Approach: Empirical Evidence Across Five Countries and over Time," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 28(4), pages 679-710, December.
    2. Lance Eliot Brouthers & Steve Werner & Timothy J Wilkinson, 1996. "The Aggregate Impact of Firms' FDI Strategies on the Trade Balances of Host Countries," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 27(2), pages 359-373, June.
    3. repec:bla:econom:v:38:y:1971:i:149:p:1-27 is not listed on IDEAS
    4. James R. Markusen, 1995. "The Boundaries of Multinational Enterprises and the Theory of International Trade," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 169-189, Spring.
    5. Kravis, Irving B. & Lipsey, Robert E., 1982. "The location of overseas production and production for export by U.S. multinational firms," Journal of International Economics, Elsevier, vol. 12(3-4), pages 201-223, May.
    6. Sanjaya Lall & Paul Streeten, 1977. "Foreign Investment, Transnationals and Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-02290-8, March.
    7. Jagdish N. Bhagwati, 1978. "Anatomy of Exchange Control Regimes," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 7-52, National Bureau of Economic Research, Inc.
    8. Jagdish N. Bhagwati, 1978. "Appendix to "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 219-221, National Bureau of Economic Research, Inc.
    9. Klaus E. Meyer, 1998. "Direct Investment in Economies in Transition," Books, Edward Elgar Publishing, number 1413.
    10. Egger, Peter, 2000. "A note on the proper econometric specification of the gravity equation," Economics Letters, Elsevier, vol. 66(1), pages 25-31, January.
    11. James Riedel, 1975. "The nature and determinants of export-oriented direct foreign investment in a developing country: A case study of Taiwan," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 111(3), pages 505-528, September.
    12. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
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    14. International Monetary Fund, 1985. "Foreign Private Investment in Developing Countries," IMF Occasional Papers 1985/001, International Monetary Fund.
    15. Thomas Andersson & Torbjörn Fredriksson, 1996. "International Organization of Production and Variation in Exports from Affiliates," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 27(2), pages 249-263, June.
    16. Jagdish N. Bhagwati, 1978. "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes," NBER Books, National Bureau of Economic Research, Inc, number bhag78-1.
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    Cited by:

    1. Damijan, Joze P. & Knell, Mark & Majcen, Boris & Rojec, Matija, 2003. "The role of FDI, R&D accumulation and trade in transferring technology to transition countries: evidence from firm panel data for eight transition countries," Economic Systems, Elsevier, vol. 27(2), pages 189-204, June.

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    More about this item

    Keywords

    Slovenia; international trade; foreign direct investment; export propensity; foreign ownership; manufacturing industry;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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