The activities of multinational enterprises (MNEs) have become an increasinglyimportant feature of the euro area economy, affecting output, trade and financiallinkages. MNEs contribute to domestic output by maintaining large productionfacilities, offering high-paid jobs, bringing in new technologies and generating taxrevenues. Following statistical changes implemented in 2015 to better capture theincreasing importance of intangible investment, the economic impact of MNEactivities has be
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