Knowledge Spillovers From Superstar Tech-Firms: The Case of Nokia
IMF Working Papers, October 29, 2021
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- Knowledge Spillovers From Superstar Tech-Firms: The Case of Nokia
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Bibliographic details
- Authors: Jyrki Ali-Yrkkö, Reda Cherif, Fuad Hasanov, Natalia Kuosmanen, Mika Pajarinen
- Published: October 29, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781589065291.001
Research question and context
- Do workers hired from superstar tech-firms contribute to better firm performance?
- Context: quasi-natural experiment in Finland following the closure of Nokia’s mobile device division in 2014 and the resulting massive labor movement.
- Focus on tacit knowledge spillovers from Nokia to other firms.
Methodology
- Two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees.
Key findings
- Evidence supports a positive causal role of former Nokia workers on firm performance.
- Positive spillovers are particularly strong in terms of:
- Employment.
- Value added.
Subject areas and keywords (as listed)
- Employment, Financial sector policy and analysis, Human capital, Labor, Labor productivity, Positive spillovers, Production, Spillovers.
- Keywords include: appendix B., difference-in-differences, effects from Nokia, employment, Employment, Global, heterogeneous treatment, human capital, Human capital, knowledge spillovers, knowledge spillovers from Nokia, Labor productivity, Nokia, Nokia employee, Positive spillovers, Specialist hire, spillover effect, Spillovers, superstar firm, superstar firms., superstar tech-firm, Total expenditures, value added.
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- Working Paper