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A Comparative Study of the Inter-Industry Determinants and Economic Performance of Foreign Direct Investments in France and Canada*

Published online by Cambridge University Press:  17 August 2016

Robert F. Owen
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Extract

Multinational corporations and import competition assume high profiles in economic policy debates in both Canada and France. An initial glance at the structure of foreign direct investment and trade in these two countries also indicates certain similarities. The openness of the Canadian and French economies to international trade is quite comparable, while such industries as petroleum and natural gas, pharmaceuticals, and para-chemicals head both countries’ lists of the sectors with the largest shares of foreign controlled sales and assets. In addition, there is a relatively high correlation coefficient of .603 between the inter-industry measures of foreign direct investment in the two countries (based on the sales data used in this study), while the correlation between the sum of their import and foreign subsidiaries’ shares (total foreign penetration) is .489.

Type
Part Three: Foreign Investment and Factor Mobility
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 50 , Issue 3-4 , 1984 , pp. 221 - 262
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1984 

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Footnotes

*

Two special debts are owed to Pierre Villa for advice on computing techniques and to Marie-Christine Noël for exceptional diligence in the preparation of this manuscript.

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