of positive effects emerge. With respect to takeovers of German companies by foreign investors, the productivity and … international, we find positive productivity and sales effects for relatively small companies investing abroad, and this …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low …