Multinationals and US productivity leadership: evidence from Great Britain

Criscuolo, Chiara ORCID: 0000-0002-0428-7884 and Martin, Ralf (2005) Multinationals and US productivity leadership: evidence from Great Britain. CEPDP (672). London School of Economics and Political Science. Centre for Economic Performance, London, UK. ISBN 0753018128

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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.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2005 the authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor
JEL classification:	L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
Date Deposited:	24 Jul 2008 11:48
Last Modified:	11 Dec 2024 18:41
URI:	http://eprints.lse.ac.uk/id/eprint/19914

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