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Export-magnification effect of offshoring
Kleinert, Jörn; Zorell, Nico - 2010
We propose a multi-country general equilibrium model with three sectors and heterogeneous firms to analyze the linkages between offshoring and exports. We model a world consisting of many advanced countries that trade differentiated goods among each other and one 'workbench country' that...
Persistent link: https://www.econbiz.de/10010271466
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The spatial pattern of FDI: Some testable hypotheses
Bombarda, Pamela - 2007
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/10010316803
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Gravity for FDI
Kleinert, Jörn; Toubal, Farid - 2005
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/10010296395
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Multinational firms, exclusivity, and the degree of backward linkages
Lin, Ping; Saggi, Kamal - 2005
This paper develops a two-tier oligopoly model in which the entry of a multinational firm results in technology transfer to its local suppliers and also impacts the degree of backward linkages in the local industry. The model endogenizes the multinational's choice between anonymous market...
Persistent link: https://www.econbiz.de/10010295677
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Multinational Firms, Exclusivity, and the Degree of Backward Linkages
Lin, Ping; Saggi, Kamal - 2004
This paper develops a two-tier oligopoly model in which the entry of a multinational firm results in technology transfer to its local suppliers and also impacts the degree of backward linkages in the local industry. The model endogenizes the multinational's choice between anonymous market...
Persistent link: https://www.econbiz.de/10010260534
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The Choice of Market Entry Mode: Greenfield Investment, M&A and Joint Venture
Stähler, Frank; Ryan, Michael; Raff, Horst - 2007
Multinationals may enter a host market by different modes of foreign direct investment (FDI). This paper examines the … choice of FDI mode, and shows that the profitability of greenfield investment influences this choice not only directly, but …
Persistent link: https://www.econbiz.de/10010296283
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Cross-border mergers and greenfield foreign direct investment
Stepanok, Ignat - 2010
I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI … generates two-way flows of both M&A and greenfield FDI. Greater proximity to a market makes more firms choose greenfield FDI …
Persistent link: https://www.econbiz.de/10010281390
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Gravity for FDI
Kleinert, Jörn; Toubal, Farid - 2007
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/10010301785
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The emergence of multinational enterprises: Simulation results
Kleinert, Jörn - 1998
In the last decades, foreign direct investment (FDI) has increased strongly among industrialised countries. U … paper develops a general equilibrium model of bidirectional intra-industry FDI between industrialised countries, in which … this specific time pattern emerges. In contrast to the existing literature on FDI, this paper shows that falling transport …
Persistent link: https://www.econbiz.de/10010275239
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Globalization of the World Economy: What Happened in 1985?
Kleinert, Jörn - 2000
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/10010260623