Showing 1 - 10 of 717,680
consequences of attracting FDI since it allows to study through which channels FDI might raise welfare - including the not yet … cooperative FDI policy scenario and find that supranational coordination leads to welfare gains. -- Multinational firms ; FDI … ausländische Direktinvestitionen (FDI). Das Modell zeichnet sich durch endogen bestimmte Firmeneintritte, Löhne …
Persistent link: https://www.econbiz.de/10009124063
Applied general-equilibrium (AGE) models have often made compromises to circumvent difficult modeling problems. One of these is avoiding endogenous zeros, ruling out important questions. Traditional perfect competition models: when do technologies or trade links switch from active to inactive or...
Persistent link: https://www.econbiz.de/10014632346
The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....
Persistent link: https://www.econbiz.de/10011474172
supported insights, it nonetheless had difficulty explaining to co-existence of FDI and trade among similar countries, a … particular issue given that most FDI and trade takes place between such nations. While this can be resolved by adding in …
Persistent link: https://www.econbiz.de/10014575223
This paper is a simple extension of the standard FDI model of Markusen and Horstmann (1992). This latter predicts firms … would supply nearby markets with exports but far away markets with FDI. Nevertheless, this does not match the spatial … pattern of FDI depends upon distance-linked communications costs as well as trade costs; the resulting model lines up both …
Persistent link: https://www.econbiz.de/10003874804
Gravity equations explaining foreign affiliates' sales are ad hoc and hence, estimated coeffcients are hard to interpret. We therefore provide the theoretical underpinnings of the gravity equation applied to the analysis of sales of foreign affiliates of multinational firms. We argue that the...
Persistent link: https://www.econbiz.de/10003636457
Most international commerce is carried out by multinational firms, which use their foreign affiliates for the majority of their foreign sales. In this paper, I examine the determinants of multinational firms' location and production decisions and the welfare implications of multinational...
Persistent link: https://www.econbiz.de/10010419811
This paper brings forward a three-country model to analyze the internationalization process in the age of globalization. It is shown that investment of one company increases not only the incentive to invest in another country for every national competitor but for third country's companies as...
Persistent link: https://www.econbiz.de/10011476519
We derive gravity equations from three different general equilibrium models incorporating multinational firms. We show that gravity equations are particularly adapted to the analysis of foreign affiliates' activities of multinational firms. However, the different theoretical models lead to...
Persistent link: https://www.econbiz.de/10014061443
Using a three factor knowledge-capital model of trade and multinational activity, we consider a set of policy experiments to assess the welfare effects of trade and investment liberalization in general equilibrium. Specifically, we address the question of whether and under which circumstances a...
Persistent link: https://www.econbiz.de/10014074194