期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2006
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：This paper documents evidence of differential speed of labour demand adjustment among
exporters, foreign multinationals (henceforth MNEs) and domestic non-exporting firms
from the UK manufacturing industry. Our findings show that MNEs exhibit the fastest speed
of employment adjustment to its optimal level, followed by exporters and then domestic
non-exporters. Interestingly, the long-run adjustment of labour demand with respect to
factor price and demand shocks is less pronounced amongst MNEs and exporters, consistent
with the view that firms engaged in international commerce activities generate more skilled
jobs that are more costly to dispose of. Moreover, exporting intensity also seems to matter;
MNEs with limited export-market commitment are found to have more rigid labour
adjustment in response to output and wages shocks in the long run. These findings may allay
fears on the footloose nature of MNEs in the sense that jobs in MNEs (followed by
exporters) are expected to be more secure on average in response to any shocks affecting
long-run labour demand.
关键词：foreign direct investment (FDI); exports; employment adjustment
