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Multinational Firms and International Business Cycle Transmission

Cravino, Javier - 2016

patterns. First, foreign affiliate and headquarter sales exhibit strong positive comovement: a 10% growth in the sales of the … headquarter is associated with a 2% growth in the sales of the affiliate. Second, shocks to the source country account for a … significant fraction of the variation in sales growth at the source-destination level. We propose a parsimonious quantitative …

Persistent link: https://www.econbiz.de/10012456179

International Rent Sharing in Multinational Firms

Budd, John W. - 2002

We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyze whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond...

Persistent link: https://www.econbiz.de/10012469906

Host-Country Financial Development and Multinational Activity

Bilir, Kamran - 2014

multinational affiliates, while also decreasing affiliate sales in the local market relative to the parent country and third … entry and aggregate sales due to affiliates' improved access to external finance in the host country …

Persistent link: https://www.econbiz.de/10012458618

Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2008

The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...

Persistent link: https://www.econbiz.de/10012464663

International Comovement in the Global Production Network

Huo, Zhen - 2019

This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...

Persistent link: https://www.econbiz.de/10012479927

Trade, Production Sharing, and the International Transmission of Business Cycles

Burstein, Ariel - 2008

Countries that are more engaged in production sharing exhibit higher bilateral manufacturing output correlations. We use data on trade flows between US multinationals and their affiliates as well as trade between the United States and Mexican maquiladoras to measure production-sharing trade and...

Persistent link: https://www.econbiz.de/10012464916

U.S.-Owned Affiliates and Host-Country Exports

Lipsey, Robert E. - 1982

U.S.-owned manufacturing affiliates in foreign countries tended to become more export-oriented between 1966 and 1977. The shift toward exporting characterized affiliates in most industries and most countries.The bulk of U.S.-owned production abroad continues to be for local sale in most...

Persistent link: https://www.econbiz.de/10012478068

Vertical Production Networks in Multinational Firms

Hanson, Gordon H. - 2003

In recent decades, growth of overall world trade has been driven in large part by the rapid growth of trade in …

Persistent link: https://www.econbiz.de/10012468975

The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin - 2000

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10012470943

International R&D Spillovers : A Re-Examination

Lichtenberg, Frank - 1996

Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...

Persistent link: https://www.econbiz.de/10012473174

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