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Outsourcing Versus FDI in Industry Equilibrium
Helpman, Elhanan; Grossman, Gene M. - 2021
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which …
Persistent link: https://www.econbiz.de/10013225805
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Outsourcing in a Global Economy
Grossman, Gene M.; Helpman, Elhanan - 2021
We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and … trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are … governed by incomplete contracts. The extent of international outsourcing depends inter alia on the thickness of the domestic …
Persistent link: https://www.econbiz.de/10013229051
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Competition, Markups, and the Gains from International Trade
Edmond, Chris - 2014
We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...
Persistent link: https://www.econbiz.de/10013066161
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The French (Trade) Revolution of 1860 : Intra-Industry Trade and Smooth Adjustment
Becuwe, Stéphane - 2018
The Cobden-Chevalier treaty of 1860 eliminated many French import prohibitions and lowered tariffs between France and Britain. Policy change was largely unexpected and unusually free from direct lobbying. A series of commercial treaties with other nations followed because of the use of the...
Persistent link: https://www.econbiz.de/10012909122
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Multiproduct Multinationals and Reciprocal FDI Dumping
Ottaviano, Gianmarco I.P. - 2010
The global pattern of foreign direct investment (FDI) is quite similar to the world trade pattern. In particular, intraindustry FDI between rich nations is almost as pervasive as intraindustry trade among rich nations. In the standard' MNC model (of Markusen, Venables, Brainard, and others), FDI...
Persistent link: https://www.econbiz.de/10012763610
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Intra-Industry Trade with Bertrand and Cournot Oligopoly : The Role of Endogenous Horizontal Product Differentiation
Brander, James A. - 2015
This paper investigates the effect of endogenous horizontal product differentiation on trade patterns and the gains from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if the investment required is not too high. Investment in...
Persistent link: https://www.econbiz.de/10013026792
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Networks and Trade
Bernard, Andrew B. - 2018
Trade occurs between firms both across borders and within countries, and the vast majority of trade transactions includes at least one large firm with many trading partners. This paper reviews the literature on firm-to-firm connections in trade. A growing body of evidence coming from domestic...
Persistent link: https://www.econbiz.de/10012920354
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Do Factor Endowments Matter for North-North Trade?
Davis, Donald R.; Weinstein, David E. - 2021
The dominant paradigm of world trade patterns posits two principal features. Trade between North and South arises due to traditional comparative advantage, largely determined by differences in endowment patterns. Trade within the North, much of it intra-industry trade, is based on economies of...
Persistent link: https://www.econbiz.de/10013234036
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Trade-in-Goods and Trade-in-Tasks : An Integrating Framework
Baldwin, Richard - 2010
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold...
Persistent link: https://www.econbiz.de/10013145015
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Global Production and Trade in the Knowledge Economy
Keller, Wolfgang - 2014
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...
Persistent link: https://www.econbiz.de/10012751042