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flexibility is mainly driven by movers and short tenure workers. The cross-country comparison suggests that the relatively high …
Persistent link: https://www.econbiz.de/10012465626
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10012463127
There are significant differences in the dynamics of employment over the business cycle between young and old …. We interpret these differences as reflecting greater organizational flexibility at young plants due to the changing … plants' organizational flexibility allows the model to reproduce their distinct cyclical characteristics. Previous empirical …
Persistent link: https://www.econbiz.de/10012472004
.S. multinationals in China. In this paper, we seek to correct four common misunderstandings by providing a statistical portrait of …
Persistent link: https://www.econbiz.de/10012465178
The empirical literature finds mixed evidence on the existence of positive productivity externalities in the host country generated by foreign multinational companies. We propose a mechanism that emphasizes the role of local financial markets in enabling foreign direct investment (FDI) to...
Persistent link: https://www.econbiz.de/10012466143
first is the standard, direct productivity effect that is associated with the change in future output. The second is the …
Persistent link: https://www.econbiz.de/10012476188
implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences … real exchange rate appreciation would likely have pronounced effects on both net employment and wage rates. A 10% RMB … appreciation would likely cause a net employment decline in Chinese manufacturing industries of between 4.1% and 5.3%, and a wage …
Persistent link: https://www.econbiz.de/10012461093
Base in Europe, would apportion a firm's worldwide profits using formulas based on the location of employment, capital or … income, since employment and other factors on which they are based do a very poor job of explaining a firm's profits. For … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …
Persistent link: https://www.econbiz.de/10012463464
, Japanese firms resembled U.S. multinationals. A Japanese parent's employment, given the level of its production, tends to be … level. This relationship is similar to that found for Swedish and U.S. multinationals in parallel studies. A Japanese parent …'s worldwide exports tend to be larger, relative to its output, the larger the firm's overseas production. In this respect also …
Persistent link: https://www.econbiz.de/10012471148
We compare the relation between foreign affiliate production and parent employment in U.S. manufacturing multinationals … with that in Swedish firms. U.S. multinationals appear to have allocated some of their more labor intensive operations … multinationals produce relatively little in developing countries and most of that has been for sale within host countries with import …
Persistent link: https://www.econbiz.de/10012472604