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Multinationals and US productivity leadership: evidence from Great Britain

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

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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:
Additional Information: © 2005 the authors
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Journal of Economic Literature Classification System: L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General
F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Identification Number: 672
Date Deposited: 24 Jul 2008 11:48

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