Standard labor market theories predict that workers employed in more specialized areas earn higher wages in comparison with similar workers employed in less specialized areas. Empirical studies for the US generally confirm the existence of a positive effect of sectoral specialization on wages...

Summary The global financial and economic crisis has severely affected foreign direct investment, particularly the cross-border mergers and acquisitions in advanced economies. This paper examines the effects of foreign mergers and acquisitions on labour productivity and employment growth over...