15 research outputs found

    Catching-up in the global factory: analysis and policy implications

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    MNEs shape the location of activities in the world economy, linking diverse regions in what has been called the global factory. This study portrays the evolution of incomes and employment in the global factory using a quantitative input–output approach. We find emerging economies forging ahead relative to advanced economies in income derived from fabrication activities, handling the physical transformation process of goods. In contrast, convergence in income derived from knowledge-intensive activities carried out in pre- and post-fabrication stages is much slower. We discuss possible barriers to catching-up and policy implications for emerging economies in developing innovation capabilities, stressing the pivotal role of MNEs

    Inter-regional mobility in Europe: a note on the cross-country evidence

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    This paper uses data on 11 EU countries to explain cross-national differences in internal migration rates. It is found that 89% of the variance in gross migration in current member states can be explained by variations in employment protection, international migration, the share of ownership occupied housing and the average region size of a country. Results concerning net migration rates suggest that although disparities in unemployment are important determinants of net migration, so are employment protection, long-term unemployment and the share of owner occupied housing.
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