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Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples

Markusen, James R. - 2010

The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring) by adding newly traded goods and services and that...

Persistent link: https://www.econbiz.de/10012462725

International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut - 2009

We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...

Persistent link: https://www.econbiz.de/10012463453

Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models

Markusen, James R. - National Bureau of Economic Research - 2023

-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not …

Persistent link: https://www.econbiz.de/10014250198

Standards and Related Regulations in International Trade : A Modeling Approach

Ganslandt, Mattias - 2001

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/10012470378

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

Markusen, James R. - 2001

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/10012470389

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

Markusen, James R. - 2001

, 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/10012470390

Foreign Direct Investments in Services and the Domestic Market for Expertise

Markusen, James R. - 2000

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/10012471061

Discriminating Among Alternative Theories of the Multinational Enterprise

Markusen, James R. - 1999

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

Persistent link: https://www.econbiz.de/10012471623

Estimating the Knowledge-Capital Model of the Multinational Enterprise

Carr, David L. - 1998

What we term the firm includes three principal assumptions. First, services of knowledge-based and knowledge-generating activities, such as R&D, can be geographically separated from production and supplied to production facilities at low cost. Second, these knowledge-intensive activities are...

Persistent link: https://www.econbiz.de/10012472041

Foreign Direct Investment as a Catalyst for Industrial Development

Markusen, James R. - 1997

How does an FDI project affect local firms in the same industry? Competition in the" product and factor markets tends to reduce profits of local firms, but linkage effects to supplier" industries may reduce input costs and raise profits. This paper develops an analytical framework" to assess...

Persistent link: https://www.econbiz.de/10012472571