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. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
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We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size … have lower values of Tobin%u2019s Q than small firms. Second, it explains the globalization-skewness puzzle documented in … firms. In our model, globalization not only affects the distribution of observed productivities but also productivity at the …
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This paper presents and tests a new model of multinational firms to explain a rich array of multinational behavior. In contrast to most approaches, here the multinational faces costs to transferring its know-how that are increasing in technological complexity. Costly technology transfer gives...
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The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others to specialize in production. To study the aggregate and distributional implications of this phenomenon, we develop a quantifiable general equilibrium model of trade and MP....
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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...
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