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Persistent link: https://www.econbiz.de/10001582219
Foreign direct investment (FDI) has grown far more rapidly than trade during the last two decades. As with the other prominent features of globalisation, FDI is controversial. The impact of FDI on labour markets has been of growing concern, particularly, for source countries. The deterioration...
Persistent link: https://www.econbiz.de/10011577912
This paper investigates how product and labour market regulations and red tape affect the way in which top corporate research and development (R&D) investors worldwide organise their cross-border operations. The decision about where a company locates its international subsidiaries is modelled...
Persistent link: https://www.econbiz.de/10011983823
We construct a model in which oligopolistic firms decide where to locate. Firms choose to locate either in a country where employment protection implies costly output adjustments or in one without adjustment costs. Using a two-period three-stage game with uncertainty it is demonstrated that...
Persistent link: https://www.econbiz.de/10014084863
In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms' relocation … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than globalization. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that globalization may be unambiguously welfare …
Persistent link: https://www.econbiz.de/10014215860
adding more countries to the global trading system tends, in the limit, to weaken them. Thus, as a matter of theory, the …
Persistent link: https://www.econbiz.de/10013210908
In this paper we examine foreign location choices of the top 100 US multinational corporations (MNCs) in 1980 and 2000. We first ask whether there has been a change in MNC foreign location choice in this two-decade period. Second, we explore the underlying reasons of location change by focusing...
Persistent link: https://www.econbiz.de/10012773443
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10010366525
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 analyses the impact of sourcing abroad on exporting in the case of Spanish manufacturing firms that are family-owned. Sourcing abroad can be a channel that places the firm in a better position to export, not only because it increases the productivity of the firm, but also because it...
Persistent link: https://www.econbiz.de/10012926423