We study the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs …

This paper examines the relationship between foreign ownership and productivity, paying particular attention to two … productivity than foreign multinationals, but the difference is less stark in the service sector than in the production sector, and …

aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …

" hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using … firms’ Total Factor Productivity would have been at least 5% lower in 2000 (about $14bn) in the absence of the US R&D growth …

inventions. The reason is that any uniform patent life provides excessive incentives to do R&D to the low productivity firms and … insufficient incentives to the high productivity firms. Such a differentiated scheme is implementable through renewal fees, which … depends on key features of the economic environment, such as the degree of heterogeneity in R&D productivity across firms, the …

productivity is correlated with product fixed costs, with the most productive firms choosing to make the products with the highest …

firms, and the fact that larger firms supply more products than smaller firms, implies that standard productivity measures … are not independent of demand system assumptions and probably dramatically understate the relative productivity of the …