Most multinational firms today operate multilateral production networks. Most existing emperical analyses, however, have focused on the choice between producing at home and investing overseaas and assumed firms' decisions to invest in foreign countries to be interdepedent of their locations in...

Regional agreements on standards have been largely ignored by economists and blessed by multilateral trade rules. Using a constructed panel data that identifies the different types of agreements at the industry level, we find that such agreements increase the trade between participating...

We use a unique Chinese firm-director panel dataset and a simple assignment model to examine the matching mechanism of heterogeneous firms and politicians. Based on 36,308 detailed biographies, we identify directors that previously held bureaucratic positions and classify the rank of each...

A number of theoretical studies have predicted that preferential trade agreements (PTAs) raise outside multinationalsí incentive to invest in the participating countries, especially in those that are integrated with larger markets and have lower production costs. The hypothesis has however not...