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Endogenous market structure and the gains from foreign direct investment
De Santis, Roberto A.; Stähler, Frank - 1999
is welfare improving for the foreign country, but welfare declining for the domestic country. If only multinational firms … are competitive, the impact on market structure and the welfare of the domestic country is indeterminate, whereas the … welfare of the foreign country improves. By contrast, if the oligopolistic industry is located in both countries, then FDI …
Persistent link: https://www.econbiz.de/10010275263
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Cross-border and foreign-affiliate sales of services: Evidence from German micro-data
Kelle, Markus; Kleinert, Jörn; Raff, Horst; Toubal, Farid - 2012
We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign affiliate sales. We find that for...
Persistent link: https://www.econbiz.de/10010282050
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Foreign ownership and the export and import propensities of developing-country firms
Boddin, Dominik; Raff, Horst; Trofimenko, Natalia - 2015
This paper uses micro-data from the World Bank Enterprise Surveys 2002-2006 to investigate how foreign ownership affects the likelihood of manufacturers in developing countries to export and/or import. Applying propensity score matching to control for differences across firms in terms of labor...
Persistent link: https://www.econbiz.de/10010500595
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Cross-border mergers and Greenfield foreign direct investment
Stepanok, Ignat - 2012
I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI and mergers and acquisitions (M&A). Working in a monopolistically competitive environment, merging firms do not reduce competition. Mergers are motivated by efficiency gains and...
Persistent link: https://www.econbiz.de/10010290036
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Foreign Direct Investment and Environmental Taxes
De Santis, Roberto A.; Stähler, Frank - 2000
only levies a smaller tax rate. Hence, FDI does not lead to ecological dumping. With regard to welfare, we show that the … impact on welfare is negative for the country hosting the national firm; positive for the country hosting the multinational …
Persistent link: https://www.econbiz.de/10010260450
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Multinational Firms, Exclusivity, and the Degree of Backward Linkages
Lin, Ping; Saggi, Kamal - 2004
among suppliers thereby leading to a decline in the level of backward linkages and local welfare. With its emphasis on the …
Persistent link: https://www.econbiz.de/10010260534
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The Influence of Capital Market Integration on Production and Market Structures
Koop, Michael J. - 2001
capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three …
Persistent link: https://www.econbiz.de/10010260467
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Financial market development in host and source countries and its effects on bilateral FDI
Donaubauer, Julian; Neumayer, Eric; Nunnenkamp, Peter - 2016
We estimate gravity-type models to assess the effects of financial market development in the host and source countries on bilateral FDI stocks. We address potential reverse causality, inter alia by performing instrumental variable estimations and restricting the sample to observations where...
Persistent link: https://www.econbiz.de/10011430488
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Manufacturers and retailers in the global economy
Raff, Horst; Schmitt, Nicolas - 2011
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is allocated between them. We show that the observed shift in employment from manufacturing to retailing, the...
Persistent link: https://www.econbiz.de/10010277350
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Buyer Power in International Markets
Raff, Horst; Schmitt, Nicolas - 2008
market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in …
Persistent link: https://www.econbiz.de/10010260613