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The Gravity Equation in International Trade : An Explanation
Chaney, Thomas - 2013
The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade … for the gravity equation in international trade, based on the emergence of a stable network of input-output linkages … longer distances on average, then aggregate trade is inversely proportional to distance. Data on firm level, sectoral, and …
Persistent link: https://www.econbiz.de/10012459376
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The Trade and Investment Effects of Preferential Trading Arrangements
Dee, Philippa - 2003
merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent … explicitly for whether the trade and investment effects are significantly different after PTA formation than before accounts for … investment responds in beachhead' fashion to the trade provisions of PTAs, the trade carried out from those beachheads could …
Persistent link: https://www.econbiz.de/10012468534
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The Role of Information in Driving FDI Flows : Host-Country Tranparency and Source Country Specialization
Mody, Ashoka - 2003
We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other hand,...
Persistent link: https://www.econbiz.de/10012469036
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Competition and Price Dispersion in the U.S. Airline Industry
Borenstein, Severin - 1991
This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...
Persistent link: https://www.econbiz.de/10012475215
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
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Impact of outward foreign direct investments on patent activity of Greenfield multinationals
Valacchi, Giulia; Doytch, Nadia; Yonzan, Nishant - In: Technological forecasting & social change : an … 173 (2021), pp. 1-12
Persistent link: https://www.econbiz.de/10013202786
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Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens
Coppola, Antonio - 2020
restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
Persistent link: https://www.econbiz.de/10012482036
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The Global Agglomeration of Multinational Firms
Alfaro, Laura - 2009
The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...
Persistent link: https://www.econbiz.de/10012463073
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Measuring the Location of Production in a World of Intangible Productive Assets, FDI, and Intrafirm Trade
Lipsey, Robert E. - 2008
As production comes to depend more on intangible productive assets, the location of production by multinational firms becomes increasingly ambiguous. The reason is that, within the firm, these assets have no clear geographical location, but only a nominal location determined by the firm's tax or...
Persistent link: https://www.econbiz.de/10012464523
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Intra-Industry Foreign Direct Investment
Alfaro, Laura - 2007
We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...
Persistent link: https://www.econbiz.de/10012465202