Publication
May 2011
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. The authors find that employment in manufacturing plants has been drastically reduced during the economic crisis. 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.
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English (PDF, 38 pages, 1.0 MB) |
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Author | Roberto Álvarez, Holger Görg |
Series | Kiel Institute Working Papers |
Issue | 1698 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2011 Kiel Institute for the World Economy |