摘要： •We examine influences of multinational exposure on export variety and price in China.•A firm-transaction level data and various measures of export spillovers are used.•We find little evidence of export spillovers on the export variety of domestic firms.•Multinational exposure is negatively related to unit value of local firms’ exports.•The effects of multinational exposure vary between trade types and ownerships. Using a matched firm-transaction dataset on the electronics industry in China, we provide one of the first attempts to examine whether foreign direct investment (FDI) has direct impacts on the export prospects of domestic firms, in terms of export variety and unit price. Using measures of multinational presence constructed at region and industry levels, our results reveal little evidence of multinational spillovers arising from an increase in the export variety of domestic firms. The growing presence of multinational firms has a strongly negative association with the export unit value of domestic firms, suggesting that exposure to multinational firms may intensify the competition in the product market and force local firms to offer lower-value products in the international markets. This adverse influence is mainly driven by processing trade as opposed to ordinary trade, with private firms being less affected by export spillovers than state-owned enterprises. We also find that the productivity of firms can mitigate the negative effect of the exposure to multinational firms on the unit value of exports. 出版者： Duluth: Elsevier Inc 出版日期： 2015-12-01 出處： Journal of the Japanese and International Economies, 2015-12, Vol.38, p.93-110 版權： 2015 Elsevier Inc. 識別號： ISSN: 0889-1583 識別號： EISSN: 1095-8681 識別號： DOI: 10.1016/j.jjie.2015.05.008
