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• W2189459287 abstract "Do multinational firms exhibit different patterns of labor demand from purely domestic firms? Many standard models of trade and multinational companies suggest such differences. We examine this question using a plant-level panel covering U.K. manufacturing from 1973 through 1992, where we can distinguish U.K.-headquartered multinationals, foreign-owned multinationals, and domestic U.K. firms. Across these three ownership groups we look for differences both on the intensive margin, in terms of labor-demand elasticities, and on the extensive margin, in terms of plant shutdowns. For our sample period we estimate that both groups of multinational plants had larger increases than did domestic plants in the elasticity of demand for production labor. These increases were driven largely by greater substitutability between production labor and materials. We also estimate that both types of multinational plants are more likely to shut down than domestic plants are, conditional on a set of operational advantages enjoyed by multinationals that make them less likely to shut down." @default.
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• W2189459287 date "2002-01-01" @default.
• W2189459287 modified "2023-09-26" @default.
• W2189459287 title "Globalisation and Labour Demand Elasticities in Britain" @default.
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