The growth of multinational firms in the Great Recession

Javier Cravino

No 512, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: We investigate how multinational firms performed during the latest global recession, using a unique firm-level dataset covering 8 million firms in 34 countries over the period 2004-2012. We document that the foreign affiliates of multinational firms grew faster than local firms both before and after the crisis, but that this faster growth was interrupted during the crisis. We explore the mechanisms for this decline in multinational activity and show that multinational firms from certain source countries did systematically worse during the crisis. Building on these results, we use a quantitative model to assess the role of foreign multinational firms in propagating the global recession across countries.

Date: 2016
New Economics Papers: this item is included in nep-int
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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:red:sed016:512

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