報告題目：FDI and Product Quality in Host Economies
報告嘉賓：孫思忠（Dr. SUN SIZHONG）
時 間：2019年12月4日（周三）下午16:00-17:30
主 持人：符大海（副教授）
評 論 人：劉 悅（博士）
工作語言：英語
地 點：中央財經(jīng)大學學院南路校區(qū)主教702會議室
主辦單位：中央財經(jīng)大學國際經(jīng)濟與貿(mào)易學院
聯(lián) 系 人：王峰
聯(lián)系方式：61776358
主講嘉賓簡介：孫思忠（Dr. SUN SIZHONG），澳洲國立大學（ANU）經(jīng)濟學博士，現(xiàn)任澳大利亞詹姆斯庫克大學副教授和澳大利亞中國經(jīng)濟研究學會（CESA）會長。主要研究領域包括實證國際貿(mào)易、實證產(chǎn)業(yè)組織、發(fā)展經(jīng)濟學、外商直接投資、中國經(jīng)濟。目前已經(jīng)在國際知名期刊上發(fā)表高質量學術論文近三十篇，其中包括世界經(jīng)濟（The World Economy）、應用經(jīng)濟學(Applied Economics)、經(jīng)濟建模(Economic Modeling)、公司金融(Journal of Corporate Finance)和產(chǎn)業(yè)組織評論(Review of Industrial Organization)等。孫思忠博士同時也擔任多個國際學術雜志的匿名審稿人。
論文摘要：
This paper examines, both theoretically and empirically, how the presence of FDI affects product quality of domestic firms through worker mobility. Melitz (2003) type heterogeneous firms are faced with a monopolistically competitive product market and labour markets of production workers and quality control personnel. We show that the probability that a FDI-trained worker will move from a foreign-invested to a domestic firm in the host economy is strictly positive. Mobility of more productive workers from foreign-invested to domestic firms lowers the cost of production and contributes to improvement in the quality of goods produced by domestic firms. Profit maximization by firms yields a structural relationship between unobserved product quality and observed revenue, which allows us to identify the impact of FDI on product quality. We use the theoretical model to frame empirical estimation, where we propose a novel approach to correct for sample selection bias. Under some mild assumptions, a set of population moments are derived and estimated using firm level data from China’s beverage manufacturing industry. We find that, on average, (i) working for foreign-invested firms boosts the skill level of workers by 11.12 per cent and (ii) the probability that an FDI-trained worker will move to a domestic firm is approximately 0.3. Estimation of the structural parameters shows that a one per cent increase in FDI leads to approximately 1.4 per cent improvement in product quality of domestic firms in China’s beverage manufacturing industry.
