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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...
Persistent link: https://www.econbiz.de/10013079762
and space and for predicting the effects of globalization shocks …
Persistent link: https://www.econbiz.de/10014106399
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10013220938
We investigate whether productivity differences explain why some manufacturers sell only to the domestic market while others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model predicts that investors should be more productive than...
Persistent link: https://www.econbiz.de/10013310603
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … on Italian SMEs from the quot;Survey on Manufacturing Firmsquot; conducted by Mediocredito-Capitalia covering the period …, especially process innovation. Among SMEs, larger and older firms seem to be less productive …
Persistent link: https://www.econbiz.de/10012758059
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
Persistent link: https://www.econbiz.de/10013069388
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 …
Persistent link: https://www.econbiz.de/10012761279
This paper provides direct empirical evidence on the relationship between technology and firms' global sourcing strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I show that a firm's adoption of communication technology...
Persistent link: https://www.econbiz.de/10012984719
Globalization and robotics (globotics) are transforming the world economy at an explosive pace. While much of the …
Persistent link: https://www.econbiz.de/10013308376
The US has been a global leader in regulating local air pollution and a global laggard in regulating greenhouse gases (GHGs). For decades, critics of US policy have expressed fears that stringent US regulations on local air pollution would lead to pollution havens overseas. Prior research,...
Persistent link: https://www.econbiz.de/10014346914