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For mainstream economics, rigidities in the labour market are the primary determinants of high and persistent long-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets would not only help to smooth normal business...
Persistent link: https://www.econbiz.de/10011927085
credibility of the widespread threat of industrial relocation through FDI by EU ETS regulated firms. Specifically, our baseline …, further analyses point to considerable within-treatment variations in the relocation choice among regulated multinational …
Persistent link: https://www.econbiz.de/10012979457
Most international commerce is carried out by multinational firms, which use their foreign affiliates for the majority of their foreign sales. In this paper, I examine the determinants of multinational firms' location and production decisions and the welfare implications of multinational...
Persistent link: https://www.econbiz.de/10010419811
In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages that can be exploited through cross-border investment activity. The hypothesis is tested in a...
Persistent link: https://www.econbiz.de/10003756998
Multinational production has become increasingly important in recent decades. Countries resort to different industrial policies to influence the geography of this production. In this paper, we focus on a ubiquitous “soft” industrial policy that aims at reducing information barriers -...
Persistent link: https://www.econbiz.de/10012154635
Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993-1997 period, this paper examines the impact of foreign presence on the productivity of domestic enterprises. We innovate on existing literature by using firm-level data comparable...
Persistent link: https://www.econbiz.de/10014127815
This paper sets up a two-country model of offshoring with monopolistically competitive product and monopsonistically … competitive labour markets. In our model, an incentive for offshoring exists even between symmetric countries, because shifting … labour market power. However, offshoring between symmetric countries has negative welfare effects and therefore calls for …
Persistent link: https://www.econbiz.de/10014467358
Foreign direct investment (FDI) in advanced business services (ABSs), referred to here as the offshoring of white …
Persistent link: https://www.econbiz.de/10012519954
We investigate the effects of Chinese import competition on transitions into and out of employment using comparable worker-level data for 14 European countries. Our results indicate that, on average, Chinese imports are associated with an increased probability that employed workers become...
Persistent link: https://www.econbiz.de/10012133371
Persistent link: https://www.econbiz.de/10013389503