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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

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

Outward FDI and Parent Exports and Employment : Japan, the United States, and Sweden

Lipsey, Robert E. - 2007

Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production … in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income … level. This relationship is similar to that found for Swedish and U.S. multinationals in parallel studies. A Japanese parent …

Persistent link: https://www.econbiz.de/10012778835

Vertical Production Networks in Multinational Firms

Hanson, Gordon H.; Mataloni, Raymond J.; Slaughter, … - 2021

In recent decades, growth of overall world trade has been driven in large part by the rapid growth of trade in intermediate inputs. Much of this input trade involves multinational firms locating input processing in their foreign affiliates, thereby creating global vertical production networks....

Persistent link: https://www.econbiz.de/10013218078

Covid-19 and Emerging Markets : An Epidemiological Model with International Production Networks and Capital Flows

Çakmaklı, Cem - 2020

We quantify the macroeconomic effects of COVID-19 for emerging markets using a SIR-multisector-small open economy model and calibrating it to Turkey. Domestic infection rates feed into both sectoral supply and sectoral demand shocks. Sectoral demand shocks also incorporate lower external demand...

Persistent link: https://www.econbiz.de/10012833730

Internationalized Production in World Output

Lipsey, Robert E.; Blomström, Magnus; Ramstetter, Eric D. - 2021

,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …

Persistent link: https://www.econbiz.de/10013238944

Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2010

The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...

Persistent link: https://www.econbiz.de/10012759325

Capital Controls, Liberalizations, and Foreign Direct Investement

Desai, Mihir A. - 2004

Affiliate-level evidence indicates that American multinational firms circumvent capital controls by adjusting their reported intrafirm trade, affiliate profitability, and dividend repatriations. As a result, the reported profit impact of local capital controls is comparable to the effect of 24...

Persistent link: https://www.econbiz.de/10012785792

Foreign Firms and Local Communities

Blonigen, Bruce A. - 2012

The literature on the effects of foreign direct investment (FDI) and activities of multinational enterprises (MNEs) on host-countries has been almost exclusively focused on issues of productivity, growth and wages. We argue that this leaves quite a bit of important unexplored areas of inquiry,...

Persistent link: https://www.econbiz.de/10013114291

From Beijing to Bentonville : Do Multinational Retailers Link Markets?

Head, Keith - 2010

Each of the world's largest retailers---Walmart, Carrefour, Tesco, and Metro---entered China after 1995. Their subsequent expansion in China may have influenced Chinese exports through two channels. First, they may have enhanced bilateral exports between the retailers' Chinese operations and...

Persistent link: https://www.econbiz.de/10013139132