Working Paper Cnr-Ceris, N° 10/2012

Multinationals and productivity: evidence from the Turin Area

Alessandro Manello
CNR-CERIS
National Research Council of Italy,
via Real Collegio, n. 30, 10024 Moncalieri (To), Italy
Tel.: +39 011 68 24 946
Mail: Indirizzo e-mail protetto dal bots spam , deve abilitare Javascript per vederlo

Abstract: This paper present a non-parametric estimate of efficiency levels and productivity trends of small and medium multinational firms operating in the Turin area in respect to domestic firms active in the same sectors. MNEs appear more technically efficient in combining inputs to obtain output, however this evidence is mainly driven by firm’s characteristics and specialisation in certain activities. Moreover, an higher Total Factor Productivity (TFP) growth emerges for the subgroup of MNEs also after different control process, while no clear evidence could be find on the entrance strategy pursued by foreign firms (Greenfield vs Brownfield investments).

Keywords: Multinational firms, Efficiency analysis, Second stage regression.

JEL Codes: D24, F23, C67

download