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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
overall affiliate sales. Although quantitatively important, this Export-Supporting FDI (ESFDI) activity has received little … attention in the literature. This paper includes ESFDI into a model of trade and horizontal FDI with heterogeneous firms. ESFDI … in the home country. This introduces some complementarity between trade and FDI. In the model falling trade costs lead to …
Persistent link: https://www.econbiz.de/10003870817
overall affiliate sales. Although quantitatively important, this Export-Supporting FDI (ESFDI) activity has received little … attention in the literature. This paper includes ESFDI into a model of trade and horizontal FDI with heterogeneous firms. ESFDI … in the home country. This introduces some complementarity between trade and FDI. In the model falling trade costs lead to …
Persistent link: https://www.econbiz.de/10012991028
analysis of distribution-oriented FDI has, however, received little attention which is at least partly due to the lack of …-oriented FDI is based on the trade-off between fixed and variable costs. …
Persistent link: https://www.econbiz.de/10010301777
We analyze whether firms that establish their first affiliate in a foreign country have a different pattern of growth in output, employment, capital and productivity than firms that remain national. We use firm-level data on German multinational activities and appropriate matching techniques to...
Persistent link: https://www.econbiz.de/10010301780
We analyze whether firms that establish their first affiliate in a foreign country have a different pattern of growth in output, employment, capital and productivity than firms that remain national. We use firm-level data on German multinational activities and appropriate matching techniques to...
Persistent link: https://www.econbiz.de/10003636453
analysis of distribution-oriented FDI has, however, received little attention which is at least partly due to the lack of …-oriented FDI is based on the trade-off between fixed and variable costs. -- Multinational firms ; Wholesale sales ; Discrete choice …
Persistent link: https://www.econbiz.de/10003954210
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …
Persistent link: https://www.econbiz.de/10010301807
costs have a negative impact on the decision to engage in FDI. …
Persistent link: https://www.econbiz.de/10010296335
This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10011698346