摘要：We study the productivity of US owned plants in the UK. Using a new dataset that
identifies foreign and domestic MNEs, we find that UK MNEs are less productive
than US affiliates, but as productive as non US foreign affiliates. We
investigate the source of the US and MNE advantage. We find evidence confirming
that the MNE advantage is driven by sharing superior firm level assets across
plants and by cherry picking the better plants in a country. The additional
superiority of US firms seems entirely driven by their particular ability to
takeover the best British plants. Thirdly, the study features a novel approach
to TFP calculation.
关键词：Multinational Firms, Productivity, Foreign Ownership, US leadership, Double
Fixed- Effects
