Alviarez, Vanessa I.; Chen, Cheng; Pandalai-Nayar, Nitya; … - National Bureau of Economic Research - 2022
We study the role of multinationals (MNCs) in facilitating firm-level and aggregate structural transformation. Using a stylized model of multinational production and trade, we show that an inward multinational liberalization in the manufacturing sector raises employment in host country firms,...