期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2010
卷号：1
出版社：Monash University
摘要：Applying Foster, Haltiwanger and Krizan‟s (1998) decomposition of productivity growth
method to Malaysian manufacturing census data for 2000 and 2005, we analyse if firm
turnover by ownership (domestic versus foreign) has any impact on the sector‟s aggregate
productivity growth. The findings show that turnover matters regardless of ownership but,
more importantly, attracting foreign direct investment inflows could induce positive „net
entry effect‟. The manufacturing sector‟s heavy dependence on FDI is underscored by the
significant contribution of large MNCs to export value. Foreign entrants also have an
important positive impact on sector productivity. The analysis shows that large-sized foreign
and domestic entrants are more productive than medium-sized and especially small-sized
ones. Among survivors, large foreign and domestic establishments fare the worst. Mediumsized
domestic survivors, on the other hand, contribute the most to boosting sector
productivity. The study demonstrates the usefulness of such an analytical framework by
drawing out important implications for state industrial policies based on ownership and firm
size.
关键词：Ownership, firm turnover; productivity; manufacturing; Malaysia
