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The multinational firm (MNF) is introduced as the intersection between trade theory and the theory of the firm. I show that economies of scale associated with various knowledge inputs have made it possible for firms to grow large through internationalization and, once large, staying competitive...
Persistent link: https://www.econbiz.de/10011019068
productivity, and the ease with which resources may be attracted from the non-high-tech sector of the economy to the various high …
Persistent link: https://www.econbiz.de/10010818401
We use a specific-factor model to examine the conditions under which policy makers are able to increase aggregate production in high- tech goods by production or R&D-subsidies in the short and long-run.
Persistent link: https://www.econbiz.de/10005780375
-2000. We find that foreign privatized firms have realized larger productivity gains than all types of domestic firms and that …-specific knowledge. Foreign greenfields have the highest average labour productivity, while foreign privatizations show the largest … productivity increase. …
Persistent link: https://www.econbiz.de/10005645439
performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis … of the gap is due to productivity differences. <p> The main finding is that the productivity differences between sexes in … or less independent of supposed productivity differences between men and women, while under piece-rate work. The wage gap …
Persistent link: https://www.econbiz.de/10011019064
the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. …
Persistent link: https://www.econbiz.de/10005486498
the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The …, these cost savings can be very large. The estimates of productivity effects are also positive, albeit rather small. …
Persistent link: https://www.econbiz.de/10010600201
performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis … of the gap is due to productivity differences. …
Persistent link: https://www.econbiz.de/10005670114
In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages that can be exploited through cross-border investment activity. The hypothesis is tested in a...
Persistent link: https://www.econbiz.de/10005645343
We argue that mainstream FDI theory underplays financial motivations for interna-tional investment, and suggest several possible channels for a distinct cost-of-capital effect on FDI. Using a sample of European firms’ cross-border acquisitions, and controlling for traditional firm-level...
Persistent link: https://www.econbiz.de/10005645391