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A Unified Approach to Intra-Industry Trade and Direct Foreign Investment

Markusen, James R.; Maskus, Keith E. - 2022

into each other. The purpose of this paper is to show how the theory of direct investment can now be integrated with the … theory of international trade in goods, and to show how the two combine to determine the pattern of trade and foreign … affiliate production. Empirical estimation gives good support to the predictions of the theory for intra-industry affiliate …

Persistent link: https://www.econbiz.de/10013324453

Liberalization and Incentives for Labor Migration : Theory with Applications to NAFTA

Markusen, James R.; Zahniser, Stephen - 2021

One of the motivations for NAFTA from the US point of view was to reduce the" incentives for Mexican migration into the US. Unskilled rural males are a primary source of" illegal immigration and also Mexico's relatively abundant factor. This group should therefore" be made better off by trade...

Persistent link: https://www.econbiz.de/10013219696

Foreign Direct Investments in Services and the Domestic Market for Expertise

Markusen, James R.; Rutherford, Thomas F.; Tarr, David G. - 2022

Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...

Persistent link: https://www.econbiz.de/10013308347

Multinational Firms, Technology Diffusion and Trade

Ethier, Wilfred J.; Markusen, James R. - 2021

Empirical evidence indicates a close association between multinational firms and knowledge capital, a public good within the firm. We model a firm which wishes to exploit its knowledge capital abroad, but whose workers learn all the knowledge necessary for production and can defect and produce...

Persistent link: https://www.econbiz.de/10013223582

Endogenous Market Structure and Foreign Market Entry

Markusen, James R.; Stähler, Frank - 2021

Models dealing with cross-border acquisitions versus greenfield investment usually assume that the entry of a foreign firm into a market has effects on the outputs of all domestic firms in that market, but exit or entry of local firms is not considered. The purpose of this paper is to re-examine...

Persistent link: https://www.econbiz.de/10013224413

Anti-Competitive and Rent-Shifting Aspects of Domestic-Content Provisions in Regional Trade Blocks

Lopez de Silanes, Florencio; Markusen, James R.; … - 2021

Regional trade agreements must specify domestic-content rules (rules of origin) that define the conditions under which a good qualifies as 'domestic' and so may be freely traded within the block. The paper analyzes such rules, focussing in particular on oligopolistic industries in which foreign...

Persistent link: https://www.econbiz.de/10013230380

Standards and Related Regulations in International Trade : A Modeling Approach

Ganslandt, Mattias; Markusen, James R. - 2021

Standards and technical regulations which govern the admissibility of imported goods into an economy raise costs of exporters entering new markets, and may have a particularly high impact on firms seeking to export from developing countries. Yet standards may also have a positive side, such as...

Persistent link: https://www.econbiz.de/10013231997

General-Equilibrium Approaches to the Multinational Firm : A Review of Theory and Evidence

Markusen, James R.; Maskus, Keith E. - 2021

, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise … theory. In the second part of the paper, we examine empirical results that relate foreign affiliate production to country …

Persistent link: https://www.econbiz.de/10013233849

A Multi-Country Approach to Factor-Proportions Trade and Trade Costs

Markusen, James R.; Venables, Anthony J. - 2021

Classic trade questions are reconsidered by generalizing a factor-proportions model to multiple countries, multi-stage production, and country-specific trade costs. We derive patterns of production specialization and trade for a matrix of countries that differ in relative endowments (columns)...

Persistent link: https://www.econbiz.de/10013240566

Discriminating Among Alternative Theories of the Multinational Enterprise

Markusen, James R.; Maskus, Keith E. - 2021

trade. One simple taxonomy separates the theory into vertical' models in which firms geographically separate activities by …

Persistent link: https://www.econbiz.de/10013249550