Showing 1 - 10 of 2,387
Recent contributions on off shoring often assume that firms can freely split their production process into separate … technologically determined sequence of production steps. In our model, cost savings from off shoring fluctuate along the production …
Persistent link: https://www.econbiz.de/10012764740
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this … relates to fragments of production, I compare a trading equilibrium where all fragments are located within a country with an …
Persistent link: https://www.econbiz.de/10012777491
In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...
Persistent link: https://www.econbiz.de/10013094651
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …
Persistent link: https://www.econbiz.de/10013315748
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10013000911
This paper studies how firms' offshoring decisions shape a country's domestic production net- works. We develop a model … net effect of offshoring on a firm's domestic production networks depends on the relative strength of the three effects … domestic production networks …
Persistent link: https://www.econbiz.de/10012946841
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10013001168
To what extent has trade liberalization contributed to global production fragmentation and the formation of production … value added exports to exports (VAX) ratio, as well as model-based measures for production networks from a multi … accession in 2001. We find that the associated trade cost changes spurred global production fragmentation, explaining about 6 …
Persistent link: https://www.econbiz.de/10012902861
This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...
Persistent link: https://www.econbiz.de/10013043599
This paper examines location choices of multinational enterprises (MNEs). We particularly focus on the consequences of double taxation treaties (DTTs) and corporate profit taxes on the probability to choose a location. DTTs have become a key policy instrument used by countries to regulate...
Persistent link: https://www.econbiz.de/10012924353