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Please use this identifier to cite or link to this item: http://hdl.handle.net/10373/338

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Title: The relative economic performance of foreign subsidiaries in UK manufacturing
Authors: Wang, Chengqi
Siler, Pamela
Liu, Xiaming
Affiliation: University of Abertay Dundee. Dundee Business School
Keywords: Economics
Macroeconomics
Issue Date: Oct-2002
Publisher: Taylor & Francis
Type: Journal Article
Refereed: peer-reviewed
Rights: Published version (c)Taylor & Francis Group, available from DOI 10.1080/00036840210128762
Citation: Wang, C., Siler, P. and Liu, X. 2002. The relative economic performance of foreign subsidiaries in UK manufacturing. Applied economics. 34(15).1885 - 1892. [Online] Available from : DOI : 10.1080/00036840210128762
Abstract: This paper compares the economic performance of UK and foreign-owned firms in UK manufacturing industry. A panel data set covering 14 233 firms for the period 1992-1996 is used and the influences of firm-, industry- and country-specific advantages on productivity are examined. The results of the study show that labour productivity is higher in foreign subsidiaries than in UK firms and that foreign subsidiaries as a whole employ higher levels of human capital and enjoy greater economies of scale. A further source of productivity advantage for US subsidiaries is their higher level of intangible assets, and for European and Japanese subsidiaries their higher level of capital intensity. The results have policy implications for the targeting of promotion activities to attract FDI.
URI: http://hdl.handle.net/10373/338
ISSN: 0003-6846
Appears in Collections:Dundee Business School Collection

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