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How Can ODI Dual-Margins Influence Exports of China's Manufacturing Multinational Enterprises

【Authors】
ZHANG Haibo
【WorkUnit】
Ningbo University, 315211
【Abstract】

From the ODI dual margins perspective, this paper uses the data of China's 172 A-share listed sample firms, this paper studies the different effects of ODI extensive and intensive margins on exports of China's manufacturing multinational enterprises by the GMM method. The findings are as follows. Both ODI extensive and intensive margins can prompt obviously export intensity of China-s multinational enterprises. However, from the standpoint of effects and durations, the promotion effects of extensive margin on the export intensity are more obvious. In addition, the effects on the exports of ODI dual margins of different motives, host countries and entry modes are also different obviously. Further research on the influencing mechanisms indicates that extensive margin mainly influences the export through “the effects of fixed cost”, and intensive margin is mainly through “productivity effects”.

JEL: F14, G34, L32

【KeyWords】
Outward Direct Investment, Exports of Multinational Enterprises, Extensive Margin, Intensive Margin