Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - Tinbergen Instituut - 2007
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we … interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …