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Multinational Production, Skilled Labor and Real Wages

Markusen, James R. - 1996

multinationals export low skilled jobs to the lower income country. Third, trade barriers do not protect unskilled labor in the high …

Persistent link: https://www.econbiz.de/10012473376

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

Foreign Direct Investments in Services and the Domestic Market for Expertise

Markusen, James R. - 2000

Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...

Persistent link: https://www.econbiz.de/10012471061

The Structure of Multinational Firms' International Activities

Davies, Ronald B. - 2020

The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...

Persistent link: https://www.econbiz.de/10012479350

Endogenous Market Structure and Foreign Market Entry

Markusen, James R. - 2009

Models dealing with cross-border acquisitions versus greenfield investment usually assume that the entry of a foreign firm into a market has effects on the outputs of all domestic firms in that market, but exit or entry of local firms is not considered. The purpose of this paper is to re-examine...

Persistent link: https://www.econbiz.de/10012463119

Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing

Chen, Yongmin - 2008

There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...

Persistent link: https://www.econbiz.de/10012464132

Teaching Locals New Tricks : Foreign Experts as a Channel of Knowledge Transfers

Markusen, James R. - 2007

Gains from productivity and knowledge transmission arising from the presence of foreign firms have received a good deal of empirical attention, but theoretical micro-foundations for this mechanism are limited. Here we develop a dynamic model in which foreign experts may train domestic workers...

Persistent link: https://www.econbiz.de/10012465784

Trade in Business Services in General Equilibrium

Markusen, James R. - 2007

Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...

Persistent link: https://www.econbiz.de/10012465841

A Unified Approach to Intra-Industry Trade and Direct Foreign Investment

Markusen, James R. - 2001

Economic interactions among the high-income developed countries are characterized by high degrees of both intra-industry trade and intra-industry affiliate production and sales. Similar high-income countries both heavily trade with and invest into each other. The purpose of this paper is to show...

Persistent link: https://www.econbiz.de/10012470389

General-Equilibrium Approaches to the Multinational Firm : A Review of Theory and Evidence

Markusen, James R. - 2001

Beginning in the early 1980s, theoretical analyses have incorporated the multinational firm into the microeconomic, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise endogenously as determined by country characteristics,...

Persistent link: https://www.econbiz.de/10012470390