Surviving the Crisis: Foreign Multinationals versus Domestic Firms

摘要: Starting from the observation that all firms in Ireland (foreign and domestic manufacturing services industries) were hit by crisis, paper asks whether there is a difference behaviour of foreign firms. One hypothesis multinationals are less linked into Irish economy, so more likely to leave once economy negative shock. The discusses background hypotheses before giving empirical evidence firstly aggregate data, secondly firm-level observations. analysis latter suggests not during crisis than Some policy conclusions offered paper.