Does Foreign Ownership Matter? Russian Experience

27 Pages Posted: 3 Oct 2003

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)

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Abstract

The paper both compares productivity of Russian firms that have foreign direct investments with productivity of fully domestically owned firms and analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than domestic ones, but productivity of the former is negatively affected by slow progress of reforms in the regions where they operate. It is also found that there are positive spillovers from foreign-owned firms to domestic firms in the same industry, but negative effects on domestic firms that are vertically related to foreign-owned firms. The stock of human capital in regions where foreign firms operate is one of the factors which help domestic firms to benefit from the entry of foreign firms.

Suggested Citation

Yudaeva, Ksenia and Kozlov, Konstantin and Melentieva, Natalya and Ponomareva, Natalya, Does Foreign Ownership Matter? Russian Experience. Economics of Transition, Vol. 11, pp. 383-409, September 2003. Available at SSRN: https://ssrn.com/abstract=452776

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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