Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Volume: 94, Issue: 4, Pages: 981 - 999
Published: Nov 1, 2012
Abstract
Economic development implies that the efficiency of firms in developing countries starts approaching that of firms from advanced economies. Various development policies have been pursued to achieve this convergence. We test for this convergence in two economies that represent alternative models of implementing market-oriented development policies: the Czech Republic and Russia. Using 1992–2000 panel data on virtually all medium and large...
Paper Details
Title
Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?
Published Date
Nov 1, 2012
Volume
94
Issue
4
Pages
981 - 999
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