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A theoretical model is developed and applied to the North American auto industry, motivated by the possibility of US-Mexico free trade. Special features of the model include (1) significant scale economies at the plant level, (2) imperfect competition among firms, (3) joint ownership of plants...
Persistent link: https://www.econbiz.de/10013139985
, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise … theory. In the second part of the paper, we examine empirical results that relate foreign affiliate production to country …
Persistent link: https://www.econbiz.de/10013233849
Theoretical and applied work in industrial-organization approaches to international trade typically assume either that there are fixed numbers of firms, or that there is free entry and exit with a continuum of firms. This paper makes a first step toward a more realistic approach in which firms...
Persistent link: https://www.econbiz.de/10013322889
Regional trade agreements must specify domestic-content rules (rules of origin) that define the conditions under which a good qualifies as 'domestic' and so may be freely traded within the block. The paper analyzes such rules, focussing in particular on oligopolistic industries in which foreign...
Persistent link: https://www.econbiz.de/10013230380
into each other. The purpose of this paper is to show how the theory of direct investment can now be integrated with the … theory of international trade in goods, and to show how the two combine to determine the pattern of trade and foreign … affiliate production. Empirical estimation gives good support to the predictions of the theory for intra-industry affiliate …
Persistent link: https://www.econbiz.de/10013324453