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Exporting, Global Sourcing, and Multinational Activity : Theory and Evidence from the United States

Antràs, Pol; Fadeev, Evgenii; Fort, Teresa C.; … - National Bureau of Economic Research - 2023

Multinational firms (MNEs) dominate trade flows, yet their global production decisions are often ignored in firm-level studies of exporting and importing. Using newly merged data on US firms' trade and multinational activity by country, we show that MNEs are more likely to trade not only with...

Persistent link: https://www.econbiz.de/10014322875

Organizing Offshoring : Middle Managers and Communication Costs

Antràs, Pol - 2006

Why do firms decide to offshore certain parts of their production process? What qualifies certain countries as particularly attractive locations to offshore? In this paper we address these questions with a theory of international production hierarchies in which organizations arise endogenously...

Persistent link: https://www.econbiz.de/10012466472

Institutions and Foreign Investment : China versus the World

Fan, Joseph P.H. - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10012465214

Multinational Firms, FDI Flows and Imperfect Capital Markets

Antràs, Pol - 2007

This paper examines how costly financial contracting and weak investor protection influence the cross-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative advantage in monitoring the deployment of their technology...

Persistent link: https://www.econbiz.de/10012465801

Contractual frictions and global sourcing

Helpman, Elhanan (contributor); Antràs, Pol (contributor) - 2006

We generalize the Antras and Helpman (2004) model of the international organization of production in order to accommodate varying degrees of contractual frictions. In particular, we allow the degree of contractibility to vary across inputs and countries. A continuum of firms with heterogeneous...

Persistent link: https://www.econbiz.de/10012465913

Global Sourcing and Multinational Activity : A Unified Approach

Antràs, Pol; Fadeev, Evgenii; Fort, Teresa C.; … - National Bureau of Economic Research - 2022

Multinational firms (MNEs) accounted for 42 percent of US manufacturing employment, 87 percent of US imports, and 84 of US exports in 2007. Despite their disproportionate share of global trade, MNEs' input sourcing and final-good production decisions are often studied separately. Using newly...

Persistent link: https://www.econbiz.de/10013388806

Export-Platform FDI : Cannibalization or Complementarity?

Antràs, Pol; Fadeev, Evgenii; Fort, Teresa C.; … - National Bureau of Economic Research - 2024

We develop a model of export-platform foreign direct investment (FDI) in which final goods are produced only with labor …

Persistent link: https://www.econbiz.de/10014468292

Grossman-Hart (1986) Goes Global : Incomplete Contracts, Property Rights, and the International Organization of Production

Antràs, Pol - 2011

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...

Persistent link: https://www.econbiz.de/10012461189

Venting Out : Exports During a Domestic Slump

Almunia, Miguel - 2018

domestic sales and export flows. Spanish manufacturing firms whose domestic sales were reduced by more during the crisis … observed a larger increase in their export flows, even after controlling for firms' supply determinants (such as labor costs …). This negative relationship between demand-driven changes in domestic sales and changes in export flows illustrates the …

Persistent link: https://www.econbiz.de/10012481020

The Margins of Global Sourcing : Theory and Evidence from U.S. Firms

Antràs, Pol - 2014

productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable …

Persistent link: https://www.econbiz.de/10012457894