The growth of multinational firms in the Great Recession
Andrei Levchenko,
Vanessa Alviarez and
Javier Cravino
No 11637, CEPR Discussion Papers from C.E.P.R. Discussion Papers
Abstract:
Using a large firm-level dataset, this paper studies multinational firms’ 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 multinationals’ relative performance remained unchanged during the crisis, the median country’s 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)
Date: 2016-11
New Economics Papers: this item is included in nep-bec and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://cepr.org/publications/DP11637 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
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) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:11637
Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP11637
orders@cepr.org
Access Statistics for this paper
More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by (repec@cepr.org).