Multinational enterprises, industrial relatedness and employment in European regions
研究跨国企业如何通过产业关联影响欧洲区域的就业水平,发现跨行业溢出效应与就业正相关,且低要素价格区域在知识密集型行业中受益最大,但可能加剧欠发达经济体的不平等。
Abstract This article investigates the link between multinational enterprises (MNEs) and employment in their host regions by cross-fertilising the literature on MNE externalities with the emerging body of research on industrial relatedness. The link between employment and MNE presence in the same and related industries is tested for European regions. The results suggest that cross-sectoral MNE spillovers are mediated through industrial relatedness and that they are positively and significantly associated with higher employment levels, independently of input–output relations. Our results indicate that regions characterised by lower factor prices are likely to benefit the most from the presence of multinationals in terms of employment, but these benefits are concentrated in high knowledge-intensive sectors, potentially fostering inequalities within less-developed economies.