Vertical integration, foreign multinationals and Stigler's hypotheses: an empirical test using Malaysian data

• Main Authors: Md. Nor, Nor Ghani, Abdullah, Ahmad Zainuddin, Md. Nor, Khalil
• Format: Article
• Language: English; English
• Published: East Asian Economic Association and Blackwell Publishing Ltd 2006
• Online Access: http://psasir.upm.edu.my/id/eprint/18277/1/Vertical%20integration.pdf; http://psasir.upm.edu.my/id/eprint/18277/; http://dx.doi.org/10.1111/j.1467-8381.2006.00235.x

In this paper the hypotheses on motives for vertical integration as proposed by Stigler are empirically tested using a panel dataset from Malaysian manufacturing under both fixed-effects and random-effects specifications. Because the degree of multinational participation is expected to influence the...