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...

Can a resource boom induce long-term local economic development? Do multinational companies (MNCs) foster such equilibria or move away the economic gains from the booming sector? This study examines the heterogeneous economic impacts of MNCs and domestic firms on the characterization of the...