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shock affecting firms using inputs similar to the imported Chinese goods. Combining French accounting, customs, and patent …
Persistent link: https://www.econbiz.de/10012616643
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/10012463119
We investigate whether productivity differences explain why some manufacturers sell only to the domestic market while others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model predicts that investors should be more productive than...
Persistent link: https://www.econbiz.de/10012468642
Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms from 1992 through 1997 and biographical information on CEOs' birth and...
Persistent link: https://www.econbiz.de/10012469175
This paper builds a multi-country, multi-sector general equilibrium model that explains the decision of heterogeneous firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve different relative costs, some of which are sunk while...
Persistent link: https://www.econbiz.de/10012469264
Using U.S. Bureau of Economic Analysis data for individual foreign acquisitions and new establishments in the U.S from 1988 to 1998, and aggregate data for 1980 to 1998, we find that acquisitions and establishments of new firms tend to occur in periods of high U.S. growth and take place mainly...
Persistent link: https://www.econbiz.de/10012469589
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid pro quo policy of exchanging market access for transfers...
Persistent link: https://www.econbiz.de/10012459412
French policies that funded payments to Germany. Occupation payments required a 16 percent reduction of consumption for …
Persistent link: https://www.econbiz.de/10012466518
universe of French firm-level value added, bilateral imports and exports, and cross-border ownership over the period 1993 …
Persistent link: https://www.econbiz.de/10012456787
We examine entry across 113 national markets in 16 different industries using a comprehensive data set of French … selling to multiple markets falls off with the number of destinations with an elasticity of -2.5; (3) Decomposing French … exports to each destination into the size of the market and French share, variation in market share translates nearly …
Persistent link: https://www.econbiz.de/10012468349