The name is absent

APPENDIX 1: Na

tionals vs. Multinat

.onals: summary s
Average
employment
per firm (units)

tatistics for the fir

Average output
per employee
(000 Us $)b

ms in the sample^a (1998)
Average labour cost

per employee

(000 Us $)

Belgium

MNE

National average_______

214.58 (310.02)

535.24 (1083.47)

274.92 (262.56)

333.9 (299.92)

189.18

43.46 (17.49)

54.97 (15.04)

_______33.27

Denmark

MNE

National average_______

323.38 (446.86)

236.72 (213.33)

215.45 (194.23)

216.82 (124.07)

160.24

44.49 (9.43)

47.63 (10.23)

_______40.69_______

Spain

MNE

National average_______

274.48 (872.54)

441.73 (988.09)

238.56 (283.82)

307.12 (232.38)

____________n.a.____________

30.21 (10.81)

41.06 (14.03)

____________n.a.____________

Finland

MNE

National average_______

323.4 (348.34)

230.34 (223.09)

245.19 (158.49)

246.47 (140.73)

156.71

42.52 (9.42)

42.61 (8.76)

________27.05

France

MNE

National average_______

496.51 (1896.10)

354.92 (519.63)

243.44 (299.85)

271.03 (244.04)

155.86

41.91 (14.57)

46.23 (14.21)

_______30.16

Germany

MNE

National average_______

1731.55 (4075.65)

1626.71 (2012.65)

309.07 (201.43)

453.07 (773.92)

119.39

60.61 (20.04)

63.33 (20.63)

________30.94________

Italy

MNE

National average_______

213.82 (633.30)

419.75 (722.81)

223.67 (143.20)

385.04 (454.61)

109.82

34.82 (9.94)

45.27 (13.54)

________19.19________

Netherlands

MNE

National average_______

2162.71 (5114.76)

1046.71 (2969.12)

339.87 (321.39)

381.24 (297.20)

145.30

47.71 (12.42)

49.77 (10.77)

________25.72_______

Norway

MNE

National average_______

133.36 (231.28)

189.01 (217.94)

157.37 (162.83)

228.79 (159.35)
n.a.

34.92 (12.97)

50.26 (13.79)
n.a.

Sweden

MNE

National average_______

285.98 (803.16)

408.17 (671.10)

195.94 (144.05)

239.16 (187.39)

200.52

29.64 (5.57)

32.59 (5.76)

_______40.26

United

Kingdom

NE
MNE

National average

529.93 (2305.81)

495.91 (1244.04)

169.87 (213.94)

232.72 (397.37)

147.04

31.70 (10.43)

35.44 (12.92)

38.02

^aStandard deviations into brackets;

^bOutput is proxied by operating revenue (000 US$);

^cSource: OECD STAN Database, OECD, Paris, 2001

APPENDIX 2: Description of the variables used in the estimations

Variable	Description
T_it	Number of employees ^a
wit	Real labour costs^a,^b
y_u	Real operating revenue^a,^b
^rit	Real rental cost of capital r = log( ¹⁺ i^t--1) ^t PP / P ¹ it ' ¹ it -1 where i_t =country-level nominal interest rate^c and P^ industry- level price index^b

a Source: Amadeus Database, 2001.

b Deflators are industry-level (SIC 2 digits) producer price indexes. Source: OECD, STAN database, OECD, Paris, 2001.

c Source for country-level nominal interest rates: IMF, International Financial Statistics, IMF,
Washington DC, 2000.

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