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ABSTRACT. The main purpose of the present study is to investigate the role of foreign affiliation on the export performance in the Indian manufacturing industries. We employ a firm level data belonging to eighteen manufacturing industries during the period 1994-2005. To estimate the impact of foreign direct investment on the export performance, we use a unique econometric model developed for the fractional response variables. Empirical analysis was carried out for the sample firms based on the classification of technology intensity. Results of the study reveal prominent differences between technology intensive and less technology intensive firms mainly in terms of the impact on variables such as ownership structure and R&D. The empirical analysis show that foreign affiliates seem to perform better than domestic firms only in the case of less technology intensive sectors. pp. 239–257
JEL: F10, F14, F23 

Keywords: exports, MNCs, fractional logit

SUBASH SASIDHARAN
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Madras School of Economics
K.J. JOSEPH
Centre for Development Studies
Trivandrum, Kerala

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