Gómez Gómez-Plana, Antonio

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Gómez Gómez-Plana

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Antonio

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Economía

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INARBE. Institute for Advanced Research in Business and Economics

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Now showing 1 - 2 of 2
  • PublicationOpen Access
    Digitalization, multinationals and employment: an empirical analysis of their causal relationships
    (De Gruyter Oldenbourg, 2019) Gómez Gómez-Plana, Antonio; Latorre, María C.; Ekonomia; Institute for Advanced Research in Business and Economics - INARBE; Economía
    This study measures the effects of digitalization related to Information and Communication Technologies (ICT) investment on employment and other economic variables according to firms' ownership. We present two computable general equilibrium models (with full employment and with unemployment) which differentiate two types of firms: National and foreign multinationals (MNEs). Both types of firms allow for the substitution between labour and ICT capital. We conclude that ICT investments significantly create jobs and raise real wages, GDP and welfare. The aggregate positive effects are stronger for ICT investment in national firms than in foreign MNEs although the sign of some sectoral effects can be negative. We also analyze the role of wage flexibility in this context, with the most favorable results related to scenarios where wages are more rigid for both cases, when investors are national firms or foreign MNEs. The model is applied to the case of Spain, a country with a high unemployment rate where ICT investment has been large since the mid 1990s.
  • PublicationOpen Access
    When multinationals leave: a CGE analysis of the impact of divestments
    (Kiel Institute for World Economy, 2014) Gómez Gómez-Plana, Antonio; Latorre, María C.; Economía; Ekonomia
    Most studies on Multinational Enterprises (MNEs) focus on the impact of their expansion through inward or outward foreign direct investment (FDI) flows. However, divestments are quite common among the operations of MNEs. In order to derive their effects, we build a computable general equilibrium (CGE) model that includes two non-standard characteristics: the presence of MNEs and unemployment. The model is applied to the Spanish economy, where FDI inflows have surpassed divestments at the aggregate level in the period 2005-2009, although divestments have been sizeable in ten sectors. We analyse two different scenarios: 1) divestments that involve the closure of plants of foreign affiliates and 2) divestments where national firms buy the plant of foreign affiliates. The model allows estimating the overall impact of the divestments occurring simultaneously in ten sectors and in particular sectors. Results not only show that national acquisitions are less harmful than closures, but quantify those effects, and provide information on the role of the divesting sector. Some adjustment costs arise in all scenarios.