Globalisation, Multinationals and Productivity in Japan’s Lost Decade

Globalisation , Productivity and Technology Research Paper 2010 / 04 Globalisation , Multinationals and Productivity in Japan ’ s Lost Decade

Myriad hypotheses have been advanced to explain the dismal performance of the post-1990 Japanese economy. In this paper we use plant and firm data to investigate the issue. The low rate of productivity growth in Japan is also often seen as a product of Japanese MNEs offshoring production and shutting plants that are relative to others in their industry, high productivity. We find that this is t...

Globalisation , Multinationals and Productivity in Japan ’ s Lost Decade November 2009

Discussion of Productivity: The Lost Decade

The paper by Saul Eslake provides a thorough discussion of issues relating to productivity growth in Australia over the 2000s. Following a brief discussion of why productivity is important, the paper provides evidence of a fairly broad-based slowing in multifactor productivity growth across a range of countries over the 2000s, but argues that this slowing has been more pronounced in Australia. ...

Globalisation: Countries, Cities and Multinationals

In this paper we explore the relationship between the size of a country, the size of its cities, and the economic performance of the country. In order to do this we integrate three different literature, namely the literature on optimal country size, literature on historical processes of urbanisation and the performance of cities, and literature on the role of multinational firms in the global e...

Globalisation , Productivity and Technology Research Paper 2009 / 27 Why are Multinationals “ Footloose ” ?

This paper investigates why multinational ownership is found to increase the probability that a plant will exit. It does so by using Japanese plant data linked to firm data. Plants belonging to a multinational are 9 percentage points more likely to exit when plant, firm and industry characteristics are conditioned on. We find that the “footloose” effect is attributable to multinationals closing...