Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45879
Authors: 
Álvarez, Roberto
Görg, Holger
Year of Publication: 
2011
Series/Report no.: 
Kiel Working Paper 1698
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.
Subjects: 
Multinationals
employment growth
plant survival
economic crisis
JEL: 
F2
O1
J2
Document Type: 
Working Paper

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