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文章基本信息

  • 标题:Employment protection legislation, multinational firms and innovation
  • 本地全文:下载
  • 作者:Rachel Griffith ; Gareth Macartney
  • 期刊名称:IFS Working Papers / Institute for Fiscal Studies London
  • 电子版ISSN:1742-0415
  • 出版年度:2010
  • 卷号:2010
  • 期号:1
  • 出版社:Institute for Fiscal Studies London
  • 摘要:

    The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is ambiguous, and empirical evidence has thus far been inconclusive. EPL increases job security and the greater enforceability of job contracts may increase worker investment in innovative activity. On the other hand EPL increases adjustment costs faced by firms, and this may lead to under-investment in activities that are likely to require adjustment, including technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational enterprises locate more innovative activity in countries with high EPL, however they locate more technologically advanced innovation in countries with low EPL.

  • 关键词:Innovation, employment protection, multinational firm location
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