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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

Discriminating Among Alternative Theories of the Multinational Enterprise

Markusen, James R. - 1999

trade. One simple taxonomy separates the theory into vertical' models in which firms geographically separate activities by …

Persistent link: https://www.econbiz.de/10012471623

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

Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples

Markusen, James R. - 2010

The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring) by adding newly traded goods and services and that...

Persistent link: https://www.econbiz.de/10012462725

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

International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut - 2009

We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...

Persistent link: https://www.econbiz.de/10012463453

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

A Multi-Country Approach to Factor-Proportions Trade and Trade Costs

Markusen, James R. - 2005

Classic trade questions are reconsidered by generalizing a factor-proportions model to multiple countries, multi-stage production, and country-specific trade costs. We derive patterns of production specialization and trade for a matrix of countries that differ in relative endowments (columns)...

Persistent link: https://www.econbiz.de/10012467636

Standards and Related Regulations in International Trade : A Modeling Approach

Ganslandt, Mattias - 2001

Standards and technical regulations which govern the admissibility of imported goods into an economy raise costs of exporters entering new markets, and may have a particularly high impact on firms seeking to export from developing countries. Yet standards may also have a positive side, such as...

Persistent link: https://www.econbiz.de/10012470378

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

Markusen, James R. - 2001

into each other. The purpose of this paper is to show how the theory of direct investment can now be integrated with the … theory of international trade in goods, and to show how the two combine to determine the pattern of trade and foreign … affiliate production. Empirical estimation gives good support to the predictions of the theory for intra-industry affiliate …

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