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Multinational Firms and the Structure of International Trade
Antras, Pol; Yeaple, Stephen Ross - National Bureau of Economic Research (NBER) - 2013
This article reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are...
Persistent link: https://www.econbiz.de/10010969233
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Outsourcing versus FDI in Industry Equilibrium
Grossman, Gene; Helpman, Elhanan - National Bureau of Economic Research (NBER) - 2002
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which producers need specialized components. Potential suppliers must make a relationship-specific investment in order to serve each prospective customer. Such investments are governed by...
Persistent link: https://www.econbiz.de/10005084701
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Optimal Integration Strategies for the Multinational Firm
Grossman, Gene; Helpman, Elhanan; Szeidl, Adam - National Bureau of Economic Research (NBER) - 2003
We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, produce intermediate inputs, and assemble the intermediate goods into final products. Both...
Persistent link: https://www.econbiz.de/10005084827
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Multinationals, Technology, and the Introduction of Varieties of Goods
Brambilla, Irene - National Bureau of Economic Research (NBER) - 2006
Multiproduct firms and product turnover are widespread phenomena. This paper develops a theoretical framework that links advantages in R&D and variable costs with firm's ability to expand its portfolio of products. The framework is then applied to explain systematic differences in product...
Persistent link: https://www.econbiz.de/10005085260
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International Welfare and Employment Linkages Arising from Minimum Wages
Egger, Hartmut; Egger, Peter H.; Markusen, James R. - National Bureau of Economic Research (NBER) - 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/10005087447
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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Antras, Pol - National Bureau of Economic Research (NBER) - 2011
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...
Persistent link: https://www.econbiz.de/10009321289
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A Linder Hypothesis for Foreign Direct Investment
Grossman, Gene; Helpman, Elhanan; Fajgelbaum, Pablo D. - National Bureau of Economic Research (NBER) - 2011
We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for … countries via exports or FDI depends on a proximity-concentration trade-off. We characterize the joint patterns of trade and FDI … when countries differ in income distribution and size and show that FDI is more likely to occur between countries with …
Persistent link: https://www.econbiz.de/10009353487
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Export or Merge? Proximity vs. Concentration in Product Space
Muendler, Marc-Andreas - National Bureau of Economic Research (NBER) - 2013
investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a … product space are lower and a merger with an incumbent (horizontal FDI) offers pricing power that allows the entrant to … can therefore explain why FDI has become more frequent in recent periods in the presence of falling trade costs. Cross …
Persistent link: https://www.econbiz.de/10010723400
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Endogenous Market Structure and Foreign Market Entry
Markusen, James R.; Stähler, Frank - National Bureau of Economic Research (NBER) - 2009
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/10008631114
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Scale, Scope, and the International Expansion Strategies of Multiproduct Firms
Yeaple, Stephen Ross - National Bureau of Economic Research (NBER) - 2013
A growing literature seeks to understand how the characteristics of firms shape the manner in which they serve foreign markets. We consider an environment in which multiproduct firms can sell their products in multiple countries from multiple locations. We show that there are strong empirical...
Persistent link: https://www.econbiz.de/10010671799