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The productivity and wage effects of foreign acquisition in the United Kingdom
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UNSPECIFIED (2002) The productivity and wage effects of foreign acquisition in the United Kingdom. JOURNAL OF INDUSTRIAL ECONOMICS, 50 (1). pp. 85-102. ISSN 0022-1821.
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Abstract
This paper provides a systematic empirical analysis of the impact of foreign ownership on productivity and wages in the United Kingdom. Using a specially constructed database for the period 1989-1994, it uses ownership change (acquisition) to control for unobserved differences between plants. It finds that foreign firms pay equivalent employees 3.4% more than domestic firms, though this is wholly attributable to their higher levels of productivity. Firms which are acquired by foreign companies exhibit an increase in labour productivity of 13%.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions |
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| Journal or Publication Title: | JOURNAL OF INDUSTRIAL ECONOMICS | ||||
| Publisher: | BLACKWELL PUBL LTD | ||||
| ISSN: | 0022-1821 | ||||
| Official Date: | March 2002 | ||||
| Dates: |
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| Volume: | 50 | ||||
| Number: | 1 | ||||
| Number of Pages: | 18 | ||||
| Page Range: | pp. 85-102 | ||||
| Publication Status: | Published |
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