| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2616
|
| DP2616 Optimal Monetary Policy with Endogenous Contracts: Should we Return to a Commodity Standard? |
| Patrick Minford; Eric Nowell
|
| 发表日期 | 2000-11-28
|
| 出版年 | 2000
|
| 语种 | 英语
|
| 摘要 | Examining detailed data on Swedish MNCs during the period 1986-1994, this paper shows that there are signs of very notable structural changes in the home country operations of these corporations. It also shows that the character of these changes varies according to economic conditions in the home country. In the 1980s, when the Swedish economy was characterized as having high taxes, high inflation rates, and a tight labour market, relatively attractive jobs within the MNCs were relocated from Swedish plants to foreign affiliates. In the 1990s, by contrast, when the financial crisis had necessitated a host of micro and macroeconomic reforms, the location decisions of the MNCs were more favourable for the Swedish economy. The new jobs created by the MNCs were found in activities with relatively high productivity and wages. This suggests that the home country effects of FDI are, to a large extent, determined by the home country?s economic environment. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Fdi
Employment
Wages
|
| URL | https://cepr.org/publications/dp2616
|
| 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/531682
|
推荐引用方式
GB/T 7714 |
Patrick Minford,Eric Nowell. DP2616 Optimal Monetary Policy with Endogenous Contracts: Should we Return to a Commodity Standard?. 2000.
|
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