Gianmarco Ottaviano, 27 August 2010

Gianmarco Ottaviano of Bocconi University talks to Viv Davies about 'The Global Operations of European Firms', a report that analyses data on 15,000 firms in seven countries to show that firm size, productivity, skill intensity and the ability to innovate are associated with better export performance, foreign direct investment and outsourcing. He argues that firms can improve their competitiveness within the European single market, but competing effectively in the future will require more than just exporting to neighbouring EU countries. The interview was recorded in Rome on 19 June 2010.

Javier Santiso, 22 February 2010

FDI has fallen dramatically as a result of the global financial crisis. But this column shows that the trend for the decade is still up, suggesting a greater resilience of investment inflows towards emerging markets. Emerging markets are no longer considered a remote and exotic category for European companies; they are now a vital part of the “euro-emerging” multinationals.

Sandra Poncet, 16 February 2009

This column says that less-productive Japanese firms are more sensitive to distance and institutional quality in their locational decisions abroad. Alternatively, the greater responsiveness of low-productivity firms to the presence of an export promotion agency or a Japanese community indicates that networks and spillovers may help to mitigate these impediments.

Peter Debaere, Joonhyung Lee , Hongshik Lee, 24 December 2008

Do firms reduce their domestic employment when they establish operations abroad? Evidence from South Korean firms suggests that the impact varies by destination and operation. This column shows that concerns about investment in developing countries slowing employment growth at home may have empirical support.

Mitsuyo Ando, Fukunari Kimura, 04 December 2007

Offshoring is not new. Kūdōka (hollowing-out due to offshoring) has worried Japan since the 1980s. Evidence from Japan presented in a new CEPR Policy Insight suggests that offshoring may help create domestic jobs, especially for SMEs.

Lee Branstetter, Fritz Foley, 13 November 2007

Here are some hard facts countering the myth that Western MNEs have hollowed out their domestic economies in their quest to build up China as the world’s factory.

Thierry Mayer, Gianmarco Ottaviano, 07 November 2007

Across several European countries there is a striking consistency in the finding that the firms involved in international activities are few in number, bigger and more productive than other firms. This scarcity is the single most important constraint on European performance in trade and FDI.

Thierry Mayer, Gianmarco Ottaviano, 07 November 2007

Much of the public-policy thinking on globalisation – the Lisbon agenda, for example – focuses on winning and losing sectors. A network of teams working in tandem on eight national, firm-level datasets shows that, increasingly, both winners and losers can be found within the same sector. The analysis of firm-level data reveals new facts that are essential for future policy-making on competitiveness and globalisation.

Philip Lane, 14 September 2007

Increasing the flexibility of the exchange rate regime is the major priority in setting a course towards the full integration of China into the international financial system.

Torfinn Harding, Beata Javorcik, 30 August 2007

Investment promotion agencies can help developing countries attract FDI inflows. However, their efforts can be hindered by competition in FDI incentives from other countries in their region.


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