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Multinationals as stabilizers? : Economic crisis and plant employment growth

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dc.creator Álvarez Espinoza, Roberto
dc.creator Görg, Holger
dc.date 2007
dc.date.accessioned 2013-10-16T06:08:08Z
dc.date.available 2013-10-16T06:08:08Z
dc.date.issued 2013-10-16
dc.identifier IZA discussion papers Forschungsinstitut zur Zukunft der Arbeit, Bonn 2692
dc.identifier http://hdl.handle.net/10419/4071
dc.identifier ppn:545779782
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4071
dc.description This paper examines the link between multinational enterprises and employment growth at the plant-level. We investigate in detail the comparative response of multinationals and domestic firms to an economic crisis, using the empirical setting of a well defined case of economic slowdown in Chile as a natural experiment. In our empirical analysis we find that employment growth in manufacturing plants has been drastically reduced during the economic crisis. More importantly, we do not find evidence that multinationals react to the economic crisis differently than do domestic firms. Our findings hold in a number of robustness tests, in which we also investigate the role of access to finance. The results are in contrast to the idea that multinationals are less affected by an economic crisis and that they may be able to act as stabilizers in developing countries.
dc.language eng
dc.publisher Forschungsinstitut zur Zukunft der Arbeit, Bonn
dc.relation Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit 2692
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject Wirtschaftskrise
dc.subject Beschäftigungseffekt
dc.subject Anlagenbau
dc.subject Multinationales Unternehmen
dc.subject Verarbeitendes Gewerbe
dc.subject Schätzung
dc.subject Chile
dc.title Multinationals as stabilizers? : Economic crisis and plant employment growth
dc.type doc-type:workingPaper


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