This paper examines the comparative response of multinationals and domestic firms to an economic crisis, using the … empirical setting of a well defined case of economic slowdown in Chile. We find that employment in manufacturing plants has been … drastically reduced during the economic crisis. Our findings reveal that multinationals are more likely to exit contributing to …

We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm …-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and … domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …

) production intensive sectors are more likely to operate a foreign business independent of the investment motive, (ii) that …

to reap spillovers from multinationals firms than smaller firms. The export status, in contrast, is of minor importance. …

contraction of funds available through credit lines and reduced investment and employment. These dampening effects are explained …

, when detectable, result from the even faster declines in employment. …

The role of product market reforms in achieving the objective of higher employment and growth has recently received …

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 …