abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …-US multinationals in the UK, and this is primarily due to the higher productivity of their IT. Furthermore, establishments that are … taken over by US multinationals increase the productivity of their IT, whereas observationally identical establishments …

This paper provides evidence for a causal effect of equity prices on corporate investment and employment. We use fire … whose stocks are most underpriced have considerably lower investment and employment than industry peers not subject to any … fire sale discount. The causal effect of underpricing on investment is found to be largely concentrated on the most …

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …

parts of the region. Farm employment and output, the real value of agricultural and food exports, the real returns to farm …

How does outward foreign direct investment (FDI) affect employment growth of the multinationals (MNCs) in the home … country? Does the impact of outward investment differ by the level of development of the destination country of the FDI? Using … in more advanced countries, and of changing the direction of one’s investment from more to less advanced nations. To …

We examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide … returns to scale. Offering subsidies to multinationals may be in the national interest if the investment raises the net value …, countries may compete to attract investment. This subsidy competition transfers much of the rents to the multinationals. …

The rising importance of multinationals in the world economy has been accompanied by a rise in trade between affiliates … of multinationals located in different countries, and by profits being shifted to low tax countries. The effect of trade …