Kiel Working Papers, Kiel Institute for World Economics
No 1698:
Multinationals as Stabilizers? Economic Crisis, Access to Finance, and Employment Growth
Roberto Alvarez and Holger Görg
Abstract: This paper examines 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. We
find that employment in manufacturing plants has been drastically reduced
during the economic crisis. Our findings reveal that multinationals are
more likely to exit contributing to the employment contraction during the
crisis, but surviving foreign firms experience lower employment reductions
than domestic enterprises. These results are not fully consistent with idea
that multinationals are less affected by an economic crisis and that they
may be able to act as stabilizers
Keywords: Multinationals, employment growth, plant survival, economic crisis; (follow links to similar papers)
JEL-Codes: F2,; O1,; J2; (follow links to similar papers)
38 pages, May 2011
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
multinationals-as-stabili ... nce-and-employment-growth 
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom
