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Internalizing Global Value Chains : A Firm-Level Analysis
Alfaro, Laura - 2015
In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the extent of control to exert...
Persistent link: https://www.econbiz.de/10012457087
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Globalization and Greenhouse Gas Emissions : Evidence from the United States
Brunel, Claire; Levinson, Arik - National Bureau of Economic Research - 2021
-intensive industries? We provide a decomposition of US manufacturing GHG emissions and find no evidence of offshoring either to or from the …
Persistent link: https://www.econbiz.de/10012482590
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Market Fragmentation
Chen, Daniel - 2020
We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...
Persistent link: https://www.econbiz.de/10012479351
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Outsourcing when Investments are Specific and Complementary
Lileeva, Alla - 2008
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing … outsourcing less likely; (ii) complementarities between the investments of the buyer and the seller are also associated with less … outsourcing; (iii) property rights predictions on the link between investment intensities and optimal ownership are only supported …
Persistent link: https://www.econbiz.de/10012464170