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Multinational Companies and Urban Life Satisfaction: Disentangling the heterogeneity of the effect and role of MNCs' economic embeddedness

Author

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  • Piergiorgio Pilo

    (Gran Sasso Science Institute)

Abstract

This paper investigates the relationship between the presence of Multinational companies (MNCs) and urban life satisfaction. The aim is to understand the implications of MNCs by looking at the (i) degree of MNCs’ embeddedness in the local economic structure, (ii) the role of the MNCs’ heterogeneity in terms of sectors and activities, and (iii) and the cultural context of the location where MNCs invest. The empirical analysis employs a novel panel dataset of 101 European cities for 2012, 2015, and 2019 that integrates information from Eurostat's Perception Survey, Orbis-Bureau van Dijk, Eurobarometer, and World Input-Output Dataset. Results suggest that urban life satisfaction might be positively associated with MNC's degree of embeddedness in the local economic fabric. However, this depends on MNCs' sector and activity heterogeneity and the local cultural context. Areas with a closed cultural context seem to benefit less from the presence of embedded MNCs.

Suggested Citation

  • Piergiorgio Pilo, 2023. "Multinational Companies and Urban Life Satisfaction: Disentangling the heterogeneity of the effect and role of MNCs' economic embeddedness," Discussion Paper series in Regional Science & Economic Geography 2023-04, Gran Sasso Science Institute, Social Sciences, revised Oct 2024.
    • Handle: RePEc:ahy:wpaper:wp41
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    More about this item

    Keywords

    urban life satisfaction; globalization; multinational companies; embeddedness; input-output tables;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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