| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2483 |
| DP2483 Selling Company Shares to Reluctant Employees: France Télécom's Experience | |
| François Degeorge; Peter Tufano; Dirk Jenter; Alberto Moel | |
| 发表日期 | 2000-06-27 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper investigates the extent to which expansion of international production by US multinationals reduces labour demand at home and at other foreign locations in the presence of labour adjustment costs. The adjustment-cost model of the firm is applied to estimate short-run and long-run price elasticities between home and foreign labour, using dynamic panel data techniques. Evidence is found of significant adjustment costs for employment in Latin American and Canadian affiliates. Also, due to slow adjustments, the relationship between employment in US parents and in Latin American affiliates is reversed from the short to the long-run, changing from substitution into complementarity. Finally, labour substitution prevails both in the short and in the long-run between locations in the Western Hemisphere and in Europe. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Adjustment costs Dynamic duality Labour demand Multinational corporations |
| URL | https://cepr.org/publications/dp2483 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531560 |
| 推荐引用方式 GB/T 7714 | François Degeorge,Peter Tufano,Dirk Jenter,et al. DP2483 Selling Company Shares to Reluctant Employees: France Télécom's Experience. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
