Journal of Economic Literature

Book Reviews

2026-08-28

Marc-Andreas Muendler of University of California, San Diego and CESifo reviews “Multinational Firms, Innovation and Productivity” by Davide Castellani, Antonello Zanfei,. The EconLit Abstract of the reviewed work begins “Explores how and why firms differ in internationalization, innovation, and productivity, and examines the implications of this diversity within industries. Discusses views on multinational firms and innovation; the double network structure of multinational firms--a review of the evidence; heterogeneity and international involvement; heterogeneity across and within multinational firms; multinational firms and spillovers--theoretical, methodological, and empirical issues; and the search for horizontal spillovers from multinationals--the role of firms' heterogeneity. Castellani is Professor of Applied Economics, and Zanfei is Professor of Industrial Economics, at the University of Urbino. Index.”

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DOI https://doi.org/10.1257/jel.45.4.1024.r6