Pola Perdagangan Global pada Perusahaan-Perusahaan Berteknologi Tinggi

Global Trade Pattern on High-Tech Firms

  • Dyah Wulan Sari Fakultas Ekonomi dan Bisnis Universitas Airlangga
  • Wenny Restikasari Fakultas Ekonomi dan Bisnis Universitas Airlangga
Keywords: intensitas ekspor, perdagangan vertikal terintegrasi, industri manufaktur teknologi tinggi

Abstract


This study deals with firm level data of Indonesian high-tech manufacturing industries to determine firm’s production, especially among global trade variables, such as export intensity, vertical trade integration, and two-way trade. This study employs a generalized method of moments (GMM) approach to examine the most important factors of a global trade phenomenon. In the full-sample, the result demonstrates that vertical trade integration and two-way trade are significant determinants on firm’s production while export intensity is not. In ordinary trader sub-sample, export intensity is a significant determinant of firm’s production, whereas in vertical trader sub-sample export intensity is not. ........................................... Penelitian ini menggunakan data tingkat perusahaan pada industri manufaktur berteknologi tinggi di Indonesia untuk menentukan kemampuan produksi suatu perusahaan, dari berbagai variabel perdagangan global, seperti intensitas ekspor, perdagangan vertikal yang terintegrasi, dan perdagangan dua arah terhadap. Penelitian ini menggunakan pendekatan generalized method of moment (GMM) untuk menguji faktor terpenting dari fenomena perdagangan global. Pada sampel penuh, hasil penelitian menunjukkan bahwa perdagangan vertikal yang terintegrasi dan perdagangan dua arah merupakan faktor penentu yang signifikan terhadap kemampuan produksi perusahaan sedangkan intensitas ekspor tidak. Pada sub-sampel pedagang biasa, intensitas ekspor merupakan faktor penentu yang signifikan terhadap kemampuan produksi perusahaan, sedangkan pada sub-sampel pedagang vertikal intensitas ekspor bukan merupaka faktor penentu. 

Downloads

Download data is not yet available.

References

Acemoglu, D., Laibson, D., & List, J. A. (2016). Microeconomics (Global Edition). Essex: Pearson Education Limited.

Ahn, S. (2002). Competition, innovation and productivity growth: A review of theory and evidence. OECD Economics Department Working Papers, 317. Organisation for Economic Cooperation and Development. Diakses 30 Agustus 2019 dari https://www.oecd-ilibrary.org/economics/competition-innovation-and-productivity-growth182144868160.

Allison, P. D., & Waterman, R. P. (2002). Fixed-effects negative binomial regression models. Sociological Methodology, 32(1), 247–265. doi: https://doi.org/10.1111/1467-9531.00117.

Amador, J., & Cabral, S. (2016). Global value chains: A survey of drivers and measures. Journal of Economic Surveys, 30(2), 278-301. doi: https://doi.org/10.1111/joes.12097.

Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277-297. doi: https://doi.org/10.2307/2297968.

Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29-51. doi: https://doi.org/10.1016/0304-4076(94)01642-D.

Athukorala, P. C. (2005). Product fragmentation and trade patterns in East Asia. Asian Economic Papers, 4(3), 1-27. doi: https://doi.org/10.1162/asep.2005.4.3.1.

Aw, B. Y., Chung, S., & Roberts, M. J. (2000). Productivity and turnover in the export market: Micro-level evidence from the Republic of Korea and Taiwan (China). World Bank Economic Review, 14(1), 65-90. doi: https://doi.org/10.1093/wber/14.1.65.

Balassa, B. (1978). Exports and economic growth: further evidence. Journal of Development Economics, 5(2), 181-189. doi: https://doi.org/10.1016/0304-3878(78)90006-8.

Bernard, A. B., Eaton, J., Jensen, J. B., & Kortum, S. (2003). Plants and productivity in international trade. American Economic Review, 93(4), 1268-1290. doi: 10.1257/000282803769206296.

Blalock, G., & Gertler, P. J. (2008).Welfare gains from foreign direct investment through technology transfer to local suppliers. Journal of International Economics, 74(2), 402-421. doi: https://doi.org/10.1016/j.jinteco.2007.05.011.

Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115-143. doi: https://doi.org/10.1016/S0304-4076(98)00009-8.

Clerides, S. K., Lach, S., & Tybout, J. R. (1998). Is learning by exporting important? Micro-dynamic evidence from Colombia, Mexico, and Morocco. The Quarterly Journal of Economics, 113(3), 903-948. doi: https://doi.org/10.1162/003355398555784.

De Loecker, J. (2007). Do exports generate higher productivity? Evidence from Slovenia. Journal of International Economics, 73(1), 69-98. doi: https://doi.org/10.1016/j.jinteco.2007.03.003.

Eckel, C., & Neary, J. P. (2010). Multi-product firms and flexible manufacturing in the global economy. The Review of Economic Studies, 77(1), 188-217. doi: https://doi.org/10.1111/j.1467-937X.2009.00573.x.

G¨org, H., & Hanley, A. (2005). International outsourcing and productivity: Evidence from the Irish electronics industry. The North American Journal of Economics and Finance, 16(2), 255-269. doi: https://doi.org/10.1016/j.najef.2004.11.006.

G¨org, H., Hanley, A., & Strobl, E. (2008). Productivity effects of international outsourcing: Evidence from plant level data. Canadian Journal of Economics, 41(2), 670-688. doi: https://doi.org/10.1111/j.1540-5982.2008.00481.x.

Guimar˜aes, P. (2008). The fixed e ects negative binomial model revisited. Economics Letters, 99(1), 63-66. doi: https://doi.org/10.1016/j.econlet.2007.05.030.

Hansen, L. P. (1982). Large sample properties of generalized method of moments estimators. Econometrica, 50(4), 1029-1054. doi: 10.2307/1912775.

Hausman, J., Hall, B. H., & Griliches, Z. (1984). Econometric models for count data with an application to the patents-R & D relationship. Econometrica, 52(4), 909–938. doi: 10.2307/1911191.

Holtz-Eakin, D., Newey, W., & Rosen, H. S. (1988). Estimating vector autoregressions with panel data. Econometrica, 56(6), 1371-1395. doi: 10.2307/1913103.

Javorcik, B. S. (2004). Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American Economic Review, 94(3), 605-627. doi: 10.1257/0002828041464605.

Keller, W. (2010). Chapter 19 - International trade, foreign direct investment, and technology spillovers. Handbook of the Economics of Innovation, 2, 793-829. doi: https://doi.org/10.1016/S0169-7218(10)02003-4.

Khalifah, N. A., & Jafaar, Z. (2017). Technical efficiency of establishments in Malaysia’s electrical and electronics industries: Exporting or vertical trade? Jurnal Ekonomi Malaysia, 51(1), 15-30.

L´opez, R. A. (2005). Trade and growth: Reconciling the macroeconomic and microeconomic evidence. Journal of Economic Surveys, 19(4), 623-648. doi: https://doi.org/10.1111/j.0950-0804.2005.00264.x.

Melitz, M. J. (2003). The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica, 71(6), 1695-1725. doi: https://doi.org/10.1111/1468-0262.00467.

Milliou, C. (2020). Vertical integration without intrafirm trade. Economics Letters, 192, 109180. doi: https://doi.org/10.1016/j.econlet.2020.109180.

Nocke, V., & Yeaple, S. R. (2008). Globalization and the size distribution of multiproduct firms. CEPR Discussion Paper, DP6948. Centre for Economic Policy Research. Diakses 30 Agustus 2019 dari https://cepr.org/active/publications/discussion papers/dp.php?dpno=6948#.

Perloff, J. M. (2017). Microeconomics: Theory and applications with calculus (4th Edition, Global Edition). Essex: Pearson Education Limited.

Pham, T. T. T., Hoang, T. A. N., Pham, H. H., & Ngo, M. T. (2014). Does exporting spur firm productivity and promote inclusive growth? Evidence from Vietnam. Diakses 30 Agustus 2019 dari https://idl-bnc-idrc.dspacedirect.org/bitstream/handle/10625/54699/IDL-54699.pdf?sequence=1&isAllowed=y.

Raiher, A. P., do Carmo, A. S. S., & Stege, A. L. (2017). The effect of technological intensity of exports on the economic growth of Brazilian microregions: A spatial analysis with panel data. EconomiA, 18(3), 310-327. doi: https://doi.org/10.1016/j.econ.2017.03.001.

Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. The Stata Journal: Promoting communications on statistics and Stata, 9(1), 86-136. doi: https://doi.org/10.1177/1536867x0900900106.

Sargan, J. D. (1958). The estimation of economic relationships using instrumental variables. Econometrica, 26(3), 393-415. doi: 10.2307/1907619.

Sari, D. W. (2019). The potential horizontal and vertical spillovers from foreign direct investment on Indonesian manufacturing industries. Economic Papers: A journal of applied economics and policy, 38(4), 299-310. doi: https://doi.org/10.1111/1759-3441.12264.

Sari, D.W., Khalifah, N. A., & Suyanto, S. (2016). The spillover effects of foreign direct investment on the firms’ productivity performances. Journal of Productivity Analysis, 46(2-3), 199-233. doi: https://doi.org/10.1007/s11123-016-0484-0.

Sidak, J. G., & Teece, D. J. (2009). Dynamic competition in antitrust law. Journal of Competition Law & Economics, 5(4), 581-631. doi: https://doi.org/10.1093/joclec/nhp024.

Teece, D. J. (2011). Achieving integration of the business school curriculum using the dynamic capabilities framework. Journal of Management Development, 30(5), 499-518. doi: https://doi.org/10.1108/02621711111133019.

UNIDO. (2019). Classification of manufacturing sectors by technological intensity (ISIC Revision 4). United Nations Industrial Development Organization. Diakses 30 Agustus 2019 dari http://stat.unido.org/content/focus/classification-of-manufacturing-sectors-by-technologicalintensity-%2528isic-revision-4%2529;jsessionid=4DB1A3A5812144CACC956F4B8137C1CF.

Van Biesebroeck, J. (2005). Exporting raises productivity in sub-Saharan African manufacturing firms. Journal of International Economics, 67(2), 373-391. doi: https://doi.org/10.1016/j.jinteco.2004.12.002.

Wagner, J. (2007). Exports and productivity: A survey of the evidence from firm-level data. The World Economy, 30(1), 60-82. doi: https://doi.org/10.1111/j.1467-9701.2007.00872.x.

Windmeijer, F. (2005). A finite sample correction for the variance of linear efficient two-step GMM estimators. Journal of Econometrics, 126(1), 25-51. doi: https://doi.org/10.1016/j.jeconom.2004.02.005.

Yasar, M., & Paul, C. J. M. (2007). International linkages and productivity at the plant level: Foreign direct investment, exports, imports and licensing. Journal of International Economics, 71(1), 373-388. doi: https://doi.org/10.1016/j.jinteco.2006.03.004.

Published
2021-01-27
Views
  • Abstract 341


  • PDF 350
Abstract Metrics
Abstract view : 341 times

PDF - 350 times
How to Cite
Sari, D. W., & Restikasari, W. (2021). Pola Perdagangan Global pada Perusahaan-Perusahaan Berteknologi Tinggi. Jurnal Ekonomi Dan Pembangunan Indonesia, 21(1), 77-94. https://doi.org/10.21002/jepi.v21i1.1342
Section
Articles