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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
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Knowledge Transfer Abroad : The Role of U.S. Inventors within Global R&D Networks
Branstetter, Lee - 2018
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012922984
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Innovation, Knowledge Diffusion, and Globalization
Lind, Nelson - 2018
We review a recent body of theoretical literature that links the creation and diffusion of knowledge and technology to openness. We analyze two channels through which the spread of new ideas occurs: international trade and the activity of multinational firms (multinational production). The...
Persistent link: https://www.econbiz.de/10012910654
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The it Revolution and the Globalization of R&D
Branstetter, Lee - 2018
markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … large quantities of STEM workers who possessed IT and software skills. Our findings support the view that the globalization …
Persistent link: https://www.econbiz.de/10012916620
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Global Firms
Bernard, Andrew B. - 2016
Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard heterogeneous firm model posits measure zero firms that compete under...
Persistent link: https://www.econbiz.de/10012981614
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Globalized Israel : High Tech Prowess and Buttressing FDI
Razin, Assaf - 2017
The paper reviews the crucial role which globalization forces played in Israel's transformation from low tech to high …
Persistent link: https://www.econbiz.de/10012960794
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Innovation and Production in the Global Economy
Arkolakis, Costas - 2015
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....
Persistent link: https://www.econbiz.de/10013035693
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Global Production with Export Platforms
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
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Innovation in the Global Firm
Bilir, Kamran - 2016
How global are the gains from innovation? When firms operate production plants in multiple countries, technological improvements developed in one location may be shared with foreign sites for efficiency gain. We develop a model that accounts for such transfer, and apply it to measure private...
Persistent link: https://www.econbiz.de/10012994907
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International Comovement in the Global Production Network
Huo, Zhen - 2019
This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...
Persistent link: https://www.econbiz.de/10012867903