Multinationals and US productivity leadership: evidence from Great Britain

Chiara Criscuolo and Ralf Martin

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We study the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs, we find that UK MNEs are less productive than US affiliates, but as productive as non US foreign affiliates. We investigate the source of the US and MNE advantage. We find evidence confirming that the MNE advantage is driven by sharing superior firm level assets across plants and by cherry picking the better plants in a country. The additional superiority of US firms seems entirely driven by their particular ability to takeover the best British plants. Thirdly, the study features a novel approach to TFP calculation.

Keywords: Multinational Firms; Productivity; Foreign Ownership; US leadership; Double Fixed- Effects (search for similar items in EconPapers)
JEL-codes: F23 L60 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2005-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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http://eprints.lse.ac.uk/19914/ Open access version. (application/pdf)

Related works:
Journal Article: Multinationals and U.S. Productivity Leadership: Evidence from Great Britain (2009)
Working Paper: Multinationals and US Productivity Leadership: Evidence from Great Britain (2005)
Working Paper: Multinationals and U.S. Productivity Leadership: Evidence from Great Britain (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:19914

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