Working Papers

The Green and Digital Transition in Manufacturing Global Value Chains in Latecomer Countries

The Green and Digital Transition in Manufacturing Global Value Chains in Latecomer Countries

The Green and Digital Transition in Manufacturing Global Value Chains in Latecomer Countries

Background paper for the 2023 UNCTAD Technology and Innovation Report with Rasmus Lema is available for download here and here as UNU-MERIT Working Paper.

FDI, Global Value Chains, and Local Sourcing in Developing Countries

FDI, Global Value Chains, and Local Sourcing in Developing Countries

FDI, Global Value Chains, and Local Sourcing in Developing Countries

With Vito Amendolagine, Andrea Presbitero and Adnan Seric I published an IMF Working Paper on whether and how the participation and position in global value chains  of host countries is associated with local sourcing by foreign investors in 19 Sub-Saharan African countries and Vietnam.

Here you can download the WP

Clusters in the Caribbean: Understanding their Characteristics, Defining Policies for their Development

Clusters in the Caribbean: Understanding their Characteristics, Defining Policies for their Development

Clusters in the Caribbean: Understanding their Characteristics, Defining Policies for their Development

With Elisa Giuliani, I have published a IADB Discussion Paper discussing clusters in the Caribbean. A desk review of 32 clusters distributed across the Caribbean identifying three groups of clusters are identified: rising, innovative, and sluggish.

The working paper is available here

Local innovation and global value chains in developing countries

Local innovation and global value chains in developing countries

UNU-MERIT Working Papers #2015-022

with Valentina De Marchi and Elisa Giuliani

This working paper is part of a collaborative research effort of UNIDO and UNU‐MERIT. It has been commissioned as a background paper for the UNIDO Industrial Development Report 2016. In this study we undertake a systematic review of the literature on GVCs in developing countries to investigate if and how innovation has been undertaken at the local level.

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The Location Strategies of Multinationals from Emerging Countries in the EU Regions

The Location Strategies of Multinationals from Emerging Countries in the EU Regions

UNU-MERIT Working Papers #2015-009

with Riccardo Crescenzi and Carlo Pietrobelli

This paper looks at the location choices of MNEs in the European Union (EU-25) regions and unveils that EMNEs follow distinctive location strategies. Their attraction into large regional markets is similar to AMNEs as well as their irresponsiveness to efficiency seeking motives. Conversely, the most knowledge-intensive investments respond mainly to  strategic assets and the agglomeration of foreign investments in the same business functions.

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Chinese and Indian Multinationals: A Firm-Level Analysis of their Investments in Europe

Chinese and Indian Multinationals: A Firm-Level Analysis of their Investments in Europe

Papers in Innovation Studies #27 CIRCLE – Lund University

with Vito Amendolagine and Claudio Cozza

In this paper we undertake an empirical analysis  of Chinese and Indian FDIs in Europe to investigate their identity and characteristics and the association between these features and their international business strategies. We exploit a dataset at the level of the investing firms. In relation to mode of entry, we find that the greenfield is a more likely option for large-sized companies, and that weak propensity for innovation is associated with a low probability to enter through a merger or acquisition. A high propensity for innovation is related to asset-seeking FDI, while high profitability is needed to invest in the core EU countries.

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The impact of outward FDI on the performance of Chinese multinationals

The impact of outward FDI on the performance of Chinese multinationals

BOFIT Discussion Papers 24 • 2014

with Claudio Cozza and Marco Sanfilippo

Using a new firm-level database, EMENDATA, this paper investigates the effects on Chinese multinational enterprises of Outward FDI (OFDI) into advanced European countries. Propensity score matching is combined with a difference-in-difference estimator to reduce the problems of self-selection of treated firms in foreign markets. The results provide robust evidence in support of the view that China’s OFDI had so far a positive impact on domestic activities in enhancing firms’ productivity and scales of operation.

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