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Tintelnot, Felix - 2016

Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...

Persistent link: https://www.econbiz.de/10012992631

General-Equilibrium Approaches to the Multinational Firm : A Review of Theory and Evidence

Markusen, James R.; Maskus, Keith E. - 2021

Beginning in the early 1980s, theoretical analyses have incorporated the multinational firm into the microeconomic, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise endogenously as determined by country characteristics,...

Persistent link: https://www.econbiz.de/10013233849

Foreign Trade and Investment : Firm-Level Perspectives

Helpman, Elhanan - 2013

This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them

Persistent link: https://www.econbiz.de/10013081834

A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services

Markusen, James R.; Venables, Anthony J.; Konan, Denise Eby - 2021

This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the same final product in multiple locations, with work on vertical multinationals, which...

Persistent link: https://www.econbiz.de/10013218316

Trade, Multinational Production, and the Gains from Openness

Ramondo, Natalia - 2010

This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: Trade and MP are competing ways to serve a foreign market; MP relies on imports of intermediate goods...

Persistent link: https://www.econbiz.de/10013149655

A Unified Approach to Intra-Industry Trade and Direct Foreign Investment

Markusen, James R.; Maskus, Keith E. - 2022

Economic interactions among the high-income developed countries are characterized by high degrees of both intra-industry trade and intra-industry affiliate production and sales. Similar high-income countries both heavily trade with and invest into each other. The purpose of this paper is to show...

Persistent link: https://www.econbiz.de/10013324453

Transition to FDI Openness : Reconciling Theory and Evidence

McGrattan, Ellen R. - 2011

Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … domestic investment and employment. Also, growth measures miss some intangible FDI, which is expensed from company profits. The …

Persistent link: https://www.econbiz.de/10013130264

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2010

The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...

Persistent link: https://www.econbiz.de/10012758019

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - 2021

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...

Persistent link: https://www.econbiz.de/10013223047

An Information-Based Model of Foreign Direct Investment : the Gains from Trade Revisited

Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - 2021

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially … when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the … FDI in reviving equity-financed capital investment for economies plagued by such information problems. In the presence of …

Persistent link: https://www.econbiz.de/10013231578

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