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Affiliates of German firms in Eastern Europe differ from those in the rest of the world. They have smaller sales and … they employ more labor. Labor productivity is thus lower than in affiliates of German firms elsewhere. Moreover … dominate. In this paper, we aim at explaining differences in the activities of German multinational firms in Eastern and …
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country knowledge. We use a broad sample of roughly 1,000 firms in Germany to empirically test the existence of liabilities of …
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rates on real output growth for several European countries, using German interest rates as the instrument. We compare this … policy was more independent of Germany. …
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