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Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012456439
, Japanese firms resembled U.S. multinationals. A Japanese parent's employment, given the level of its production, tends to be … similar to that of Swedish firms, but contrasts with that of U.S. firms. U.S. firms appear to reduce employment at home …-wage countries. We conclude that in Japanese firms and ancillary employment at home to service foreign operations outweighs any …
Persistent link: https://www.econbiz.de/10012471148
Base in Europe, would apportion a firm's worldwide profits using formulas based on the location of employment, capital or … income, since employment and other factors on which they are based do a very poor job of explaining a firm's profits. For … example, the magnitude of property, employment and sales explains less than 22 percent of the variation in profits between …
Persistent link: https://www.econbiz.de/10012463464
appreciation would likely cause a net employment decline in Chinese manufacturing industries of between 4.1% and 5.3%, and a wage …This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the … implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences …
Persistent link: https://www.econbiz.de/10012461093
This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...
Persistent link: https://www.econbiz.de/10012468066
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We develop a unified framework to trace value added along global supply chains in the presence of foreign direct investment by decomposing either GDP based on forward linkages or final production based on backward linkages. The new framework accounts for the presence of foreign invested...
Persistent link: https://www.econbiz.de/10012660013
Land and capital serve not only as factors of production but as assets which households use as stores of value. Standard trade models typically recognize only the first role. In its role as an asset land reduces the amount of national savings available for capital investment. Foreign investment...
Persistent link: https://www.econbiz.de/10012477574
manufacturing abroad in a small number of corn-panies is largely a reflection of the concentration within the United States. The …
Persistent link: https://www.econbiz.de/10012477998