Firm Employment Resilience and FDI: Evidence from Italy
Anna Ferragina () and
Fernanda Mazzotta ()
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Fernanda Mazzotta: CELPE - Centre of Labour Economics and Economic Policy, University of Salerno - Italy, Postal: via Giovanni Paolo II, 132, 84084 - Fisciano (SA), ITALY, http://docenti.unisa.it/004029/home
No 152, CELPE Discussion Papers from CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy
Making use of an original data set we investigate the employment dynamics of a panel of Italian manufacturing firms over 2002-2010, allowing the global crisis to impact differently on firms growth trajectories according to firm involvement in FDI, controlling for firm size, age, financial conditions. We estimate a GMM System dynamic panel model and investigate whether foreing multinational firms show a different path of employment adjustment during the 2008 Global Re-cession. This paper is the first to test this issue for Italy and follows the benchmarking literaure on other countries. The results on a policy ground support the idea that FDI has no impact on employment resilience.
Keywords: FDI; Employment adjustment; Dynamic panel analysis; System GMM (search for similar items in EconPapers)
JEL-codes: C41 F21 F23 J31 L11 L25 L60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-int
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Journal Article: Firm Employment Resilience and FDI: Evidence from Italy (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:sal:celpdp:0152
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