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Multinational Corporations and Industrial Employment

Author

Listed:
  • Beladi, Hamid

    () (Beladi)

  • Frasca, Ralph

    () (University of Dayton)

Abstract

The paper is to present a theory consistent with the stylised facts that employment and wages in the manufacturing sectors of the developed nations decline. It focuses on a world of multinational corporations where capital and technology are increasingly mobil.

Suggested Citation

  • Beladi, Hamid & Frasca, Ralph, 2001. "Multinational Corporations and Industrial Employment," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 66-77.
  • Handle: RePEc:ris:integr:0154
    as

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    References listed on IDEAS

    as
    1. Bartolini, Leonardo & Drazen, Allan, 1997. "Capital-Account Liberalization as a Signal," American Economic Review, American Economic Association, pages 138-154.
    2. Eliana Cardoso & Ilan Goldfajn, 1998. "Capital Flows to Brazil: The Endogeneity of Capital Controls," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 161-202, March.
    3. Michael P. Dooley, 1996. "A Survey of Literature on Controls over International Capital Transactions," IMF Staff Papers, Palgrave Macmillan, vol. 43(4), pages 639-687, December.
    4. James Riedel, 1997. "Capital Market Integration in Developing Asia," The World Economy, Wiley Blackwell, vol. 20(1), pages 1-20, January.
    5. James Tobin, 1978. "A Proposal for International Monetary Reform," Eastern Economic Journal, Eastern Economic Association, pages 153-159.
    6. Fischer, S. & Cooper, R.N. & Dornbusch, R. & Garber, P.M. & Massad, C. & Polak, J.J. & Rodrik, D. & Tarapore, S.S., 1998. "Should the IMF Pursue Capital-Account Convertibility?," Princeton Essays in International Economics 207, International Economics Section, Departement of Economics Princeton University,.
    7. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Publishing House "SINERGIA PRESS", pages 125-132.
    8. Richards, Anthony J., 1995. "Comovements in national stock market returns: Evidence of predictability, but not cointegration," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 631-654, December.
    9. Francisco d Nadal De Simone & Piritta Sorsa, 1999. "A Review of Capital Account Restrictions in Chile in the 1990s," IMF Working Papers 99/52, International Monetary Fund.
    10. Owen Evens & Peter J. Quirk, 1995. "Capital Account Convertibility; Review of Experience and Implications for IMF Policies," IMF Occasional Papers 131, International Monetary Fund.
    11. Nouriel Roubini, 1988. "Offset and Sterilization Under Fixed Exchange Rates With An Optimizing Central Bank," NBER Working Papers 2777, National Bureau of Economic Research, Inc.
    12. Obstfeld, Maurice, 1982. "Can We Sterilize? Theory and Evidence," American Economic Review, American Economic Association, vol. 72(2), pages 45-50, May.
    13. Haque, Nadeem U. & Montiel, Peter, 1991. "Capital mobility in developing countries: Some empirical tests," World Development, Elsevier, vol. 19(10), pages 1391-1398, October.
    14. Kouri, Pentti J K & Porter, Michael G, 1974. "International Capital Flows and Portfolio Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 443-467, May/June.
    15. Engel, Charles, 1996. "A note on cointegration and international capital market efficiency," Journal of International Money and Finance, Elsevier, vol. 15(4), pages 657-660, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Factor Mobility; Multinational Corporations; Wages;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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