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The presence of foreign multinational enterprises (MNEs) can benefit local economies. In particular, if MNEs are very productive compared to domestic firms, they may promote learning and catch-up of local firms. Such a channel of spillovers from MNEs to local firms is known as the...
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Die 'Deutschland AG' hat ausgedient. Daimler und Porsche brauchen demnächst eine Standleitung nach Katar. Die Wadan-Werften sind in russischer, die Steigenberger Hotels in ägyptischer Hand. Inder kaufen deutsche Bekleidungsketten, Chinesen Maschinenbauunternehmen. Wenn es so weitergeht, wird...
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This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany …, economic ascent in the South. Exploiting plausibly exogenous variation in access to coal, we show that early industrialization … industrialization explains most of the decline in regional inequality observed in the 1960s and 1970s and about half of the current …
Persistent link: https://www.econbiz.de/10013332122
This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany …, economic ascent in the South. Exploiting plausibly exogenous variation in access to coal, we show that early industrialization … industrialization explains most of the decline in regional inequality observed in the 1960s and 1970s and about half of the current …
Persistent link: https://www.econbiz.de/10013281419