Does Foreign Ownership Matter? Russian Experience

CEFIR Working Paper No 1

36 Pages Posted: 7 Feb 2001

See all articles by Ksenia Yudaeva

Ksenia Yudaeva

CEFIR, Centre for Economic and Financial Research

Konstantin Kozlov

Center for Economic and Financial Research (CEFIR); New Economic School (NES)

Natalya Melentieva

New Economic School (NES)

Natalya Ponomareva

New Economic School (NES)

Multiple version iconThere are 2 versions of this paper

Date Written: October 2000

Abstract

The purpose of the paper is two-fold. The paper compares productivity of Russian firms that received foreign direct investments, and fully domestically owned firms. It also analyses spillovers from foreign-owned firs. At the same time, there are positive spillovers between foreign-owned and domestic firms. This effect if particularly strong in the case of medium-sized firms (between 200 and 1000 employees), while spillovers on small firms are negative. The stock of human capital in the region is one of the main factors, which helps domestic firms to benefit from the entry of foreign firms.

Keywords: foreign direct investment, spillovers

JEL Classification: F2, O3

Suggested Citation

Yudaeva, Ksenia and Kozlov, Konstantin and Melentieva, Natalya and Ponomareva, Natalya, Does Foreign Ownership Matter? Russian Experience (October 2000). CEFIR Working Paper No 1. Available at SSRN: https://ssrn.com/abstract=257081 or http://dx.doi.org/10.2139/ssrn.257081

Ksenia Yudaeva (Contact Author)

CEFIR, Centre for Economic and Financial Research ( email )

47 Nakhimovsky Prospect, Office #720
117418 Moscow
Russia

Konstantin Kozlov

Center for Economic and Financial Research (CEFIR) ( email )

47 Nakhimovsky Prospect, Office #720
117418 Moscow
Russia

New Economic School (NES)

100A Novaya Street
Moscow, Skolkovo 143026
Russia

Natalya Melentieva

New Economic School (NES) ( email )

100A Novaya Street
Moscow, Skolkovo 143026
Russia

Natalya Ponomareva

New Economic School (NES)

100A Novaya Street
Moscow, Skolkovo 143026
Russia

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