Foreign-owned firms have consistently been found to pay higher wages than domestic firms to what appear to be equally productive workers in both developed and developing countries alike. Although a number of studies have documented and some attempted to explain this stylized fact, the issue...

We re-examine the effects of liquidity constraints on R&D investment. In our theoretical section we extend the neoclassical framework of investment in physical capital by introducing R&D and liquidity constraints. We analyse this issue empirically using firm-level data for R&D active...

This paper presents an empirical study of the effect of foreign multinational companies on the development of indigenous firms in the host country, using data for the Irish manufacturing sector. Our starting point is a recent paper by Markusen and Venables (1999) that shows formally that...

This paper analyses the impact of foreign multinationals on the development of start-up size of new entrants in Irish manufacturing industries over the period 1973 to 1996. We provide a theoretical rationale as to why we would expect an effect of multinationals on entrants’ start-up size. In...