NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Michel Serafinelli

Department of Economics
University of Toronto
Max Gluskin House, 150 St. George Street, 270
Toronto, Ontario M5S 3G7, Canada

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NBER Working Papers and Publications

March 2018Foreign Direct Investment and Knowledge Diffusion in Poor Locations: Evidence from Ethiopia
with Girum Abebe, Margaret S. McMillan: w24461
We quantify foreign direct investment (FDI) spillovers by comparing changes in total factor productivity (TFP) among domestic plants in districts that attracted a large greenfield foreign plant and districts where greenfield FDI was licensed but not yet operational. Treated and untreated districts have similar trends in TFP prior to the opening of the large greenfield foreign plant. Over the four years starting with the year of the opening, TFP of domestic plants is 8% higher in treated districts. Using an alternative identification strategy that exploits the assignment of land for FDI by the Ethiopian Government, we obtain similar results. Foreign plants also attract new economic activity to treated districts. Exposure to foreign firms enhances domestic firms’: (i) production processes; (...
October 2009Culture, Policies and Labor Market Outcomes
with Francesco Giavazzi, Fabio Schiantarelli: w15417
We study whether cultural attitudes towards gender, the young, and leisure are significant determinants of the evolution over time of the employment rates of women and of the young, and of hours worked in OECD countries. Beyond controlling for a larger menu of policies, institutions and structural characteristics of the economy than has been done so far, our analysis improves upon existing studies of the role of "culture" for labor market outcomes by dealing explicitly with the endogeneity of attitudes, policies and institutions, and by allowing for the persistent nature of labor market outcomes. When we do all this we find that culture still matters for women employment rates and for hours worked. However, policies and other institutional or structural characteristics are also important. ...

Published: Attitude, Policies and Work (12/2013) Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli Journal of the European Economic Association vol. 11 (6), pp. 1256-1289

 
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