Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Chile’s small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-tradable sector. This paper estimates the effect of copper price shocks on mining, manufacturing, and construction—each embodying a sector type. The empirical findings are for positive spillovers from mining to the other two sectors. However, the estimated size of the spillovers seems modest, which raises the question of the potential for mining to be better integrated with the rest of the economy.

Foreign Exchange --- Macroeconomics --- Industries: Manufacturing --- Natural Resource Extraction --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Industry Studies: Primary Products and Construction: General --- Industry Studies: Manufacturing: General --- Externalities --- Macroeconomics and Monetary Economics: General --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- International Factor Movements and International Business: General --- Regional Economic Activity: Growth, Development, and Changes --- Size and Spatial Distributions of Regional Economic Activity --- Extractive industries --- Manufacturing industries --- Currency --- Foreign exchange --- Metal prices --- Mining sector --- Manufacturing --- Real effective exchange rates --- Positive spillovers --- Prices --- Economic sectors --- Financial sector policy and analysis --- Metals --- Mineral industries --- International finance --- Chile

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive labor movement it implied. We apply a two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees. Our results provide new evidence supporting the positive causal role of former Nokia workers on firm performance. The evidence of the positive spillovers on firms is particularly strong in terms of employment and value added.

Macroeconomics --- Economics: General --- Labor --- Production and Operations Management --- Public Finance --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Job, Occupational, and Intergenerational Mobility --- Promotion --- Innovation --- Research and Development --- Technological Change --- Intellectual Property Rights: General --- Information, Knowledge, and Uncertainty: General --- Externalities --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- National Government Expenditures and Related Policies: General --- Economic & financial crises & disasters --- Economics of specific sectors --- Labour --- income economics --- Public finance & taxation --- Spillovers --- Financial sector policy and analysis --- Labor productivity --- Production --- Positive spillovers --- Human capital --- Currency crises --- Informal sector --- Economics --- International finance --- Economic theory --- Expenditures, Public --- Finland

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive labor movement it implied. We apply a two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees. Our results provide new evidence supporting the positive causal role of former Nokia workers on firm performance. The evidence of the positive spillovers on firms is particularly strong in terms of employment and value added.

Finland --- Macroeconomics --- Economics: General --- Labor --- Production and Operations Management --- Public Finance --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Job, Occupational, and Intergenerational Mobility --- Promotion --- Innovation --- Research and Development --- Technological Change --- Intellectual Property Rights: General --- Information, Knowledge, and Uncertainty: General --- Externalities --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- National Government Expenditures and Related Policies: General --- Economic & financial crises & disasters --- Economics of specific sectors --- Labour --- income economics --- Public finance & taxation --- Spillovers --- Financial sector policy and analysis --- Labor productivity --- Production --- Positive spillovers --- Human capital --- Currency crises --- Informal sector --- Economics --- International finance --- Economic theory --- Expenditures, Public --- Income economics