Da li strane investicije popravljaju tehničku efikasnost prerađivačke industrije? Primer Republike Srbije
Ključne reči:
Tehnološka efikasnost, strane direktne investicije (SDI), model stohastičke granice, prerađivačka industrija Srbije
Sažetak
Na osnovu balansiranih panel podataka 92 grane prerađivačke industrije u periodu 2010-2019 ovaj rad pronalazi jake dokaze o postojanju pozitivnog uticaja stranih direktnih investicija na tehničku efikasnost. Usled tehničke nefikasnosti prerađivački sektor Srbije je u posmatranom periodu izgubio 28% potencijalnog autputa. Nalaz potkrepljuju dokazi na nivou pojedinačnih grana. Tako, najveći porast tehničke efikasnosti je zabeležen u granama industrije sa visokim udelom stranog vlasništva, poput: proizvodnje motornih vozila, proizvodnje hemikalija i proizvodnje žičane i kablovske opreme. Primenjena metodologija istraživanja se bazira na analizi stohastičke granice, odnosno, modelu "istinski" stohastičkih efekata. Rad doprinosi razumevanju potencijalnih efekata poslovanja firmi u stranom vlasništvu kako na ukupnu domaću privredu tako i na performanse lokalnih kompanija. Sledstveno, nalazi su korisni kreatorima politika zemalja u razvoju, koje su stava da SDI pospešuje tehničku efikasnost domaće privrede.
Reference
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Keshari, Pradeep (2013). Efficiency spillovers from FDI in the Indian machinery industry: a firm-level study using panel data models, MPRA Paper, University Library of Munich, Germany.
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Suyanto, Suyanto and Salim, Ruhul (2013). Foreign direct investment spillovers and technical efficiency in the Indonesian pharmaceutical sector: firm level evidence, Applied Economics, 45, issue 3, p. 383-395.
Suyanto, Suyanto, Salim, Ruhul and Bloch, Harry (2014). Which firms benefit from foreign direct investment? Empirical evidence from Indonesian manufacturing, Journal of Asian Economics, 33, issue C, p. 16-29.
Vu, Duong and Van Hung, Le. (2017). FDI Spill‑Overs, Absorptive Capacity and Domestic Firms’ Technical Efficiency in Vietnamese Wearing Apparel Industry, Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 65, issue 3, p. 1075-1084.
Vu, Duong (2016). Technical efficiency of FDI firms in the Vietnamese manufacturing sector, Review of Economic Perspectives, 16, issue 3, p. 205-230.
Wang, Miao and Wong, M. C. Sunny. (2012). International R&D Transfer and Technical Efficiency: Evidence from Panel Study Using Stochastic Frontier Analysis, World Development, 40, issue 10, p. 1982-1998.
Wang, Miao and Wong, M. C. Sunny. (2016). Effects of Foreign Direct Investment on Firm-level Technical Efficiency: Stochastic Frontier Model Evidence from Chinese Manufacturing Firms, Atlantic Economic Journal, 44, issue 3, p. 335-361.
Wiboonchutikula, Paitoon, Phucharoen, Chayanon and Pruektanakul, Nuchit (2016). SPILLOVER EFFECTS OF FOREIGN DIRECT INVESTMENT ON DOMESTIC MANUFACTURING FIRMS IN THAILAND, The Singapore Economic Review (SER), 61, issue 02, p. 1-32.
Battese, George E., & Coelli, Timothy. (1985). A model for technical inefficiency effects in a stochastic frontier production function for panel data, Journal of Econometrics, 20, 325–332
Battese, George E., & Coelli, Timothy (1988). Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data. Journal of Econometrics, 38 (3), 387-399.
Fedorova, Elena A., Nikolaev, Aleksei E., Shirokova, Yuliya S. and Fedorov, Fedor Yu. (2019). Export and Import Activities of Russian Companies With FDI in the Context of Sanctions, Finansovyj žhurnal — Financial Journal, issue 3, p. 75-90.
Greene, W.H. (2005a). Fixed and Random Effects in Stochastic Frontier Models. Journal of Productivity Analysis, 23, 7–32.
Greene, W.H. (2005b). Reconsidering heterogeneity in panel data estimators of the stochastic frontier model. Journal of Econometrics 126, 269–303
Hanousek, Jan, Kočenda, Evžen and Masika, Michal (2012). Firm Efficiency: Domestic Owners, Coalitions, and FDI, CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
Jiang, Mingming (2012), On the Performance of Foreign Direct Investment in China: 1981-2004, Economics Bulletin, 32, issue 4, p. 3320-3332.
Jondrow, J., Materov, I., Lovell, K., Schmidt, P. (1982). On the estimation of technical inefficiency in the stochastic frontier production function model. Journal of Econometrics 19 (2/3), 233–238.
Keshari, Pradeep (2013). Efficiency spillovers from FDI in the Indian machinery industry: a firm-level study using panel data models, MPRA Paper, University Library of Munich, Germany.
Kodde, D.A. and Palm, F.C. (1986). Wald Criteria for Jointly Testing Equality and Inequality Restrictions. Econometrica, 54, 1243-1248.
Kumbhakar, & Lovell. (2000). Stochastic Frontier Analysis. Cambridge UK: Cambridge University Press, pp. 343
Kumbhakar, S.C., Denny, M., & Fuss, M. (2000). Estimation and decomposition of productivity change when production is not efficient: a panel data approach. Econometric Reviews, 19(4), 312–320.
Kumbhakar, Wang, & Horncastle. (2015). A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata, Cambridge University Press, pp. 556.
Meeusen, W., and J. van den Broeck. (1977). Efficiency estimation from Cobb–Douglas production functions with composed error. International Economic Review 18: 435–444.
National Bank of Serbia, Inflation Report – February 2021, p. 27
Nikolić, I. (2020a). FDI CONTRIBUTION TO TECHNICAL EFFICIENCY IN THE SERBIAN MANUFACTURING SECTOR, p. 71-73, in: Emerging Trends in Business Economics: Towards Competitiveness, Digitalization and Financial Innovation - Book of Abstracts, ed. Ljumović, I., Simović, V., & Marjanović, D., 13th International Scientific Conference, Institute of Economic Sciences, ISBN 978-86-89465-56-3
Nikolić, I. (2020b). Tehnička (ne)efikasnost prerađivačke industrije Srbije u periodu 2010-2018 - kakav je efekat stranih investicija?, str. 174-190, u: IZAZOVI održivog razvoja u Srbiji i Evropskoj uniji, Institut društvenih nauka, Beograd, 319 str. ISBN 978-86-7093-237-1
Phan, Lien and Ngo, Quang – Thanh (2012). Do FDI enterprises work more efficiently than domestic ones in Vietnam? Evidence from panel data analysis, No 24, Working Papers, Development and Policies Research Center (DEPOCEN), Vietnam.
Sur, Abhisek and Nandy, Amarendu (2018). FDI, technical efficiency and spillovers: Evidence from Indian automobile industry, Cogent Economics & Finance, 6, issue 1.
Suyanto, Suyanto and Salim, Ruhul (2013). Foreign direct investment spillovers and technical efficiency in the Indonesian pharmaceutical sector: firm level evidence, Applied Economics, 45, issue 3, p. 383-395.
Suyanto, Suyanto, Salim, Ruhul and Bloch, Harry (2014). Which firms benefit from foreign direct investment? Empirical evidence from Indonesian manufacturing, Journal of Asian Economics, 33, issue C, p. 16-29.
Vu, Duong and Van Hung, Le. (2017). FDI Spill‑Overs, Absorptive Capacity and Domestic Firms’ Technical Efficiency in Vietnamese Wearing Apparel Industry, Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 65, issue 3, p. 1075-1084.
Vu, Duong (2016). Technical efficiency of FDI firms in the Vietnamese manufacturing sector, Review of Economic Perspectives, 16, issue 3, p. 205-230.
Wang, Miao and Wong, M. C. Sunny. (2012). International R&D Transfer and Technical Efficiency: Evidence from Panel Study Using Stochastic Frontier Analysis, World Development, 40, issue 10, p. 1982-1998.
Wang, Miao and Wong, M. C. Sunny. (2016). Effects of Foreign Direct Investment on Firm-level Technical Efficiency: Stochastic Frontier Model Evidence from Chinese Manufacturing Firms, Atlantic Economic Journal, 44, issue 3, p. 335-361.
Wiboonchutikula, Paitoon, Phucharoen, Chayanon and Pruektanakul, Nuchit (2016). SPILLOVER EFFECTS OF FOREIGN DIRECT INVESTMENT ON DOMESTIC MANUFACTURING FIRMS IN THAILAND, The Singapore Economic Review (SER), 61, issue 02, p. 1-32.
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2021/12/10
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