The institutional structure of global commodity chains and cross-border production networks has a profound impact on how the benefits of globalized production are distributed. This paper engages with this issue by developing a model that combines the insights of earlier unequal exchange theorists and new work on global commodity chains to clarify the distributive dynamics of the expansion of lo...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and 2010 that permits to distinguish the ‘ownership status’ of firms. He considers a dynamic discrete choic...

This paper investigates whether there is convergence in Total Factor Productivity at the establishment level, to the technological frontier. We find evidence of convergence to the frontier, which suggests the existence of technological spillovers. The speed of catch-up does not appear to vary with the extent of foreign presence in the industry. But foreign multinationals do make up a significan...

This paper studies the impact of trade liberalization in terms of tariff cuts within the Eastern European enlargement on German and Austrian firm productivity. Unique matching of data from 1994 to 2003 suggests that tariff reductions raise parent firm productivity significantly. A ten percentage point decrease in tariff rates can lead to total factor productivity gains of up to 2 percent. The d...

This study presents the empirical results for the relationship between the use of hedging techniques and the characteristics of UK multinational enterprises (MNEs). All the firms in the sample hedge foreign exchange (FX) exposure. The results indicate that UK firms focus on a very narrow set of hedging techniques. They make much greater use of derivatives than internal hedging techniques. The d...

Post-transitional labour markets of the Central and East European countries have been characterised by marked regional differences. This paper will concentrate on the spatial pattern of job creation, determined by the allocation decisions of foreign and domestic investors. Regions with the highest employment rates may boast high doses of FDI inflows, while low employment regions have been suffe...

This paper investigates the two way relationship between R&D and export activity. In particular, we concern ourselves with the question whether R&D stimulates exports and, perhaps more importantly, whether export activity leads to increasing innovative activity in terms of R&D (learning by exporting). We use two unique firm level databases for Great Britain and the Republic of Ireland and compa...

Recently, Beierle and Leander found two new sporadic quadratic APN permutations in dimension 9. Up to EA-equivalence, we present a single trivariate representation of those as Cu:(F2m)3→(F2m)3,(x,y,z)↦(x3+uy2z,y3+uxz2,z3+ux2y), where m=3 u∈F23∖{0,1} such that the correspond different choices u. We then analyze differential uniformity nonlinearity Cu more general case. For m≥3 being multiple 3 u...

This paper studies the internationalization behaviour of French companies, using more than 330.000 observations for three two-year intervals. We analyze the role of productivity, organisational and ownership structure, and of fi nancial characteristics for the decision to enter into and exit from foreign markets. High levels of productivity are documented to be characteristic of companies decid...