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Titolo:
Determinants of entry and exit in the foreign owned sector of UK manufacturing
Autore:
Driffield, N;
Indirizzi:
Cardiff Business Sch, Cardiff CF1 3EU, S Glam, Wales Cardiff Business SchCardiff S Glam Wales CF1 3EU CF1 3EU, S Glam, Wales
Titolo Testata:
APPLIED ECONOMICS LETTERS
fascicolo: 3, volume: 6, anno: 1999,
pagine: 153 - 156
SICI:
1350-4851(199903)6:3<153:DOEAEI>2.0.ZU;2-U
Fonte:
ISI
Lingua:
ENG
Soggetto:
MAXIMUM-LIKELIHOOD METHODS; ADVANTAGE;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
19
Recensione:
Indirizzi per estratti:
Indirizzo: Driffield, N Cardifflessiness Sch, Aberconway Bldg,Colum Dr, Cardiff CF1 3EU, S Glam, Wa Cardiff Business Sch Aberconway Bldg,Colum Dr Cardiff S GlamWales CF1 3EU
Citazione:
N. Driffield, "Determinants of entry and exit in the foreign owned sector of UK manufacturing", APPL ECON L, 6(3), 1999, pp. 153-156

Abstract

This paper examines the extent to which foreign entry and exit in the UK is related to domestic industry characteristics. The units of analysis are firm numbers, and thus entry and exit at the industry level are treated as being generated by Poisson processes. This therefore uses quasimaximum likelihood estimation, to estimate entry and exit functions simultaneously. The results demonstrate that foreign entry is attracted by industry level profitability and performance, but that firm specific 'ownership' advantages arealso important. The results also demonstrate that inward investors that are motivated by the desire to exploit firm-specific assets, are unlikely to be more transient than domestic firms. This however, cannot be said of those foreign entrants who are attracted to the UK by location advantage or investment incentives.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 05/07/20 alle ore 10:24:57