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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

Life Cycle Schooling and Dynamic Selection Bias : Models and Evidence for Five Cohorts

Cameron, Stephen V. - 1998

This paper examines an empirical regularity found in many societies: that family influences on the probability of transiting from one grade level to the next diminish at higher levels of education. We examine the statistical model used to establish the empirical regularity and the intuitive...

Persistent link: https://www.econbiz.de/10012472433

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

Trade versus Investment Liberalization

Markusen, James R. - 1997

Despite several theoretical contributions and considerable informal empirical evidence" to the contrary, a notion that trade and investment are substitutes persists in trade policy" analysis. This paper considers the liberalization of commodity trade versus liberalization" allowing direct...

Persistent link: https://www.econbiz.de/10012472580

Vertical Multinationals and Host-Country Characteristics

Zhang, Kevin H. - 1997

empirical" observation that the poorest countries attract a far smaller share of world direct investment than" their share of …

Persistent link: https://www.econbiz.de/10012472611

Exploring New Markets : Direct Investment, Contractual Relations and the Multinational Enterprise

Horstmann, Ignatius J. - 1995

We consider the multinational firm's decision on whether to enter a new market immediately via direct investment or to contract initially with a local agent and (possibly) invest later. Use of a local agent allows the multinational to avoid costly mistakes by finding out if the market is large...

Persistent link: https://www.econbiz.de/10012473864

Accounting for Growth With New Inputs

Feenstra, Robert C. - 1992

In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...

Persistent link: https://www.econbiz.de/10012474859

New Methods for Estimating Labor Supply Functions : A Survey

Heckman, James J. - 1982

This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables

Persistent link: https://www.econbiz.de/10012478253