{
  "title": "Knowledge Spillovers From Superstar Tech-Firms: The Case of Nokia",
  "publication": "IMF Working Papers, October 29, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2021/10/29/knowledge-spillovers-from-superstar-tech-firms-the-case-of-nokia-501347",
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  "summary": "Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive l",
  "sections": [
    {
      "heading": "Research question and context",
      "content": "- Do workers hired from superstar tech-firms contribute to better firm performance?\n- Context: quasi-natural experiment in Finland following the closure of Nokia’s mobile device division in 2014 and the resulting massive labor movement.\n- Focus on tacit knowledge spillovers from Nokia to other firms."
    },
    {
      "heading": "Methodology",
      "content": "- Two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees."
    },
    {
      "heading": "Key findings",
      "content": "- Evidence supports a positive causal role of former Nokia workers on firm performance.\n- Positive spillovers are particularly strong in terms of:\n  - Employment.\n  - Value added."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Employment, Financial sector policy and analysis, Human capital, Labor, Labor productivity, Positive spillovers, Production, Spillovers.\n- 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.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2021/10/29/knowledge-spillovers-from-superstar-tech-firms-the-case-of-nokia-501347"
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    "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",
    "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.",
    "Two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees.",
    "Evidence supports a positive causal role of former Nokia workers on firm performance.",
    "Positive spillovers are particularly strong in terms of:",
    "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.",
    "**Working Paper**"
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