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Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence from the United States
Keller, Wolfgang - 2003
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...
Persistent link: https://www.econbiz.de/10012469199
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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
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Heterogeneous Frictional Costs Across Industries in Cross-border Mergers and Acquisitions
Blonigen, Bruce A. - 2016
While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...
Persistent link: https://www.econbiz.de/10012456133
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The Micro Origins of International Business Cycle Comovement
Giovanni, Julian di - 2016
This paper investigates the role of individual firms in international business cycle comovement using data covering the universe of French firm-level value added, bilateral imports and exports, and cross-border ownership over the period 1993-2007. At the micro level, controlling for firm and...
Persistent link: https://www.econbiz.de/10012456787
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International Trade, Multinational Activity, and Corporate Finance
Foley, C. Fritz - 2014
An emerging new literature brings unique ideas from corporate finance to the study of international trade and investment. Insights about differences in the development of financial institutions across countries, the role of financial constraints, and the use of internal capital markets are...
Persistent link: https://www.econbiz.de/10012458031
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Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States
Branstetter, Lee - 2000
technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers …. I introduce a framework for measuring international knowledge spillovers at the firm level, and I use this framework to … directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct …
Persistent link: https://www.econbiz.de/10012470716
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On the Measurement of Upstreamness and Downstreamness in Global Value Chains
Antràs, Pol - 2018
GVCs. Second, we employ data from the World Input-Output Database (WIOD) to document the empirical evolution of these … patterns in the period 1995-2011; and (ii) provide guidance for how future changes in the world economy are likely to shape the …
Persistent link: https://www.econbiz.de/10012453528
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Disputes in International Investment and Trade
Ossa, Ralph - 2020
International investment agreements employ dispute settlement procedures that differ markedly from their counterparts in trade agreements along three key dimensions: standing (i.e., the right to file grievances), the nature of the remedy, and the remedial period. In the state-to-state dispute...
Persistent link: https://www.econbiz.de/10012481969
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Trade and Production Networks of U.S. MNCs and Exports by Their Asian Affiliates
Lipsey, Robert E. - 1995
Network connections within MNCs seem to improve export market shares for Asian affiliates of those MNCs. In particular, Asian affiliates of U.S. MNCs export more to markets where their parent firms' exports to affiliates are larger, and less to markets where their parent firms export more to...
Persistent link: https://www.econbiz.de/10012473620
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Intrafirm Trade and Vertical Fragmentation in U.S. Multinational Corporations
Ramondo, Natalia - 2015
Using firm-level data, we document two new facts regarding intrafirm trade and the activities of the foreign affiliates of U.S. multinational corporations. First, intrafirm trade is concentrated among a small number of large affiliates within large multinational corporations; the median...
Persistent link: https://www.econbiz.de/10012457196