Multinational Companies and Urban Life Satisfaction: Disentangling the heterogeneity of the effect and role of MNCs' economic embeddedness

Piergiorgio Pilo ()
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Piergiorgio Pilo: Gran Sasso Science Institute

No 2023-04, Discussion Paper series in Regional Science & Economic Geography from Gran Sasso Science Institute, Social Sciences

Abstract: This paper investigates the relationship between the presence of Multinational companies (MNCs) and urban life satisfaction. The aim is to understand the implications of MNCs by looking at the (i) degree of MNCs’ embeddedness in the local economic structure, (ii) the role of the MNCs’ heterogeneity in terms of sectors and activities, and (iii) and the cultural context of the location where MNCs invest. The empirical analysis employs a novel panel dataset of 101 European cities for 2012, 2015, and 2019 that integrates information from Eurostat's Perception Survey, Orbis-Bureau van Dijk, Eurobarometer, and World Input-Output Dataset. Results suggest that urban life satisfaction might be positively associated with MNC's degree of embeddedness in the local economic fabric. However, this depends on MNCs' sector and activity heterogeneity and the local cultural context. Areas with a closed cultural context seem to benefit less from the presence of embedded MNCs.

Keywords: urban life satisfaction; globalization; multinational companies; embeddedness; input-output tables (search for similar items in EconPapers)
JEL-codes: D57 F23 F60 I31 R10 Z13 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2023-07, Revised 2024-10
New Economics Papers: this item is included in nep-hap, nep-int and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ahy:wpaper:wp41

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