Multinationals and regional development: Evidence from Europe
This a keynote speech I gave in January 2019 at Ritsumeikan University in Kyoto and in 2018 in May at Clustering at the Universidad de Valencia, in April at the Universidad de Seville, and last year in June at the VIII Workshop on Institutions, Individual Behavior and economic Outcomes in Corte and at the Uddevalla Symposium, in October at the Regional Innovation Policies Conference in Santiago de Compostela and in November at the XV International Scientific Conference in Ostrava.
Here is the presentation
Foreign direct investment, integration in global value chains, and local development
New Voxeu.org column with Vito Amendolagine, Andrea Presbitero and Marco Sanfilippo on how the entry and upgrading of low-income countries in Global Value Chains can offer an additional advantage in maximising the potential spillovers from FDI. See also the post on the LSE Blog on Global Investments and Local Development.
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.
International Business Review, 23(4): 680-691
The article is co-authored with Elisa Giuliani, Sara Gorgoni and Cristina Guenther.
It empirically investigates how subsidiaries of multinationals from both emerging (EMNEs) and advanced (AMNEs) economies investing in Europe learn from the local context and contribute to it as much as they benefit from it. To explore this we classify the behavior of MNE subsidiaries into different typologies on the basis of how knowledge is transferred within the multinational and on the nature of the local innovative connections. The empirical analysis relies on an entirely new, subsidiary-level dataset in the industrial machinery sector in Italy and Germany. Results show that EMNEs and AMNEs undertake different strategies for tapping into local knowledge and for transferring it within the company. We identify a new typology of EMNE subsidiary that contributes through its significant local innovative efforts to development processes in the host country. This result suggests possible win-win situations from which novel policy implications may be drawn.
European Planning Studies, 21(7): 989-1006
The article is co-authored with A. Elola and M.D. Parrilli.
In this paper we study how globalization impacts on the structure and governance patterns of value chains and on the resilience of local clusters. We study the value chains related to two Basque (Spain) companies in the wind energy industry, Iberdrola and Gamesa, and the local cluster to which they belong. We find that firms within the cluster have different types of relationships with lead companies depending on their competences and the complexity of their products. As a consequence, firms also present different potential for growth and/or resilience: some have the capacity to internationalize their operations and/or shift to the offshore wind market, others are vulnerable to competition from providers in the emerging countries. Against this context, we discuss how the cluster responds to these challenges and the role of policy.