The Growth of Multinational Firms in the Great Recession

Vanessa Alviarez, Andrei Levchenko and Javier Cravino

No 654, Working Papers from Research Seminar in International Economics, University of Michigan

Abstract: Using a large firm-level dataset, this paper studies multinational firmsÕ performance during the Great Recession. Foreign multinationals grew faster than local firms outside of the crisis, but slower during the crisis. Industry and size differences between domestic and foreign-owned firms account for much of this slowdown. However, multinationals from different countries performed differently during the crisis. The paper then assesses the role of multinationals in the global recession using a quantitative model. Had multinationalsÕ relative performance remained unchanged during the crisis, the median countryÕs aggregate growth would have been 0.12% higher, with a range of -0.13 to 0.5% across countries.

Keywords: Great Recession; multinational firms (search for similar items in EconPapers)
JEL-codes: F23 F44 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2016-11-11
New Economics Papers: this item is included in nep-bec, nep-eff, nep-int and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.fordschool.umich.edu/rsie/workingpapers/Papers651-675/r654.pdf

Related works:
Journal Article: The growth of multinational firms in the Great Recession (2017)
Working Paper: The growth of multinational firms in the Great Recession (2016)
Working Paper: The growth of multinational firms in the Great Recession (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:mie:wpaper:654

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