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Vertical foreign direct investment : make, sell and (not) buy
Milliou, Chrysovalantou; Sandonís, Joel - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10011565578
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A theory of intermediation in supply chains based on inventory control
Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 2016
The paper shows that taking inventory control out of the hands of retailers and assigning it to an intermediary … incentive problems associated with retailers' inventory control and thereby improve the intertemporal allocation of inventory …. Adding an intermediary as a new link in a supply chain is also shown to reduce total inventory, to make shipments from the …
Persistent link: https://www.econbiz.de/10011552567
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International Trade, Flexible Manufacturing and Outsourcing
Eckel, Carsten - 2005
This study analyzes the impact of international trade on the diffusion of flexible manufacturing in a general equilibrium framework. Suppliers produce a flexible base product that can be adapted to the specific input requirements of a continuum of downstream industries. The vertical structure is...
Persistent link: https://www.econbiz.de/10010296394
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Export intermediaries and adjustments to exchange rate movements
Bolatto, Stefano; Grazzi, Marco; Tomasi, Chiara - 2017
Building on a heterogeneous-firm model à la Melitz (2003), we propose a theory of intermediaries in international trade which rationalizes the available evidence on both aggregate and firm-level exports as well as their responsiveness to exchange rate movements. We introduce double...
Persistent link: https://www.econbiz.de/10011674380
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Global sourcing of heterogeneous firms : theory and evidence
Kohler, Wilhelm; Smolka, Marcel - 2015
This paper investigates the role of firm productivity in drawing firm boundaries in global sourcing. Our analysis focuses on how productivity affects the allocation of ownership rights between the headquarter of a firm and an intermediate input supplier (vertical integration vs. outsourcing), as...
Persistent link: https://www.econbiz.de/10010476678
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On the Coexistence of National Companies and Multinational Enterprises
Kleinert, Jörn - 2003
National and multinational companies coexist in many sectors of all developed countries. However, economic models fail to reproduce this fact because of the assumption of symmetry between companies. To show that the symmetry assumption is the reason for this failure, a two-country general...
Persistent link: https://www.econbiz.de/10010260442
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Trade and the Internationalization of Production
Kleinert, Jörn - 2002
Whereas many empirical studies show that the internationalization of production is driven by falling distance costs, theoretical models of the endogenous emergence of multinational enterprises predict the opposite. This paper argues that this dichotomy can be resolved if the production process...
Persistent link: https://www.econbiz.de/10010260492
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Pure Exporter : Theory and Evidence
Lu, Jiangyong - 2012
This paper provides the first evidence about pure exporters (i.e., firms exporting all of their output to the foreign market) -- a phenomenon overlooked and cannot be explained in the existing literature. It then offers a generalized model of Melitz (2003) for examining the existence and...
Persistent link: https://www.econbiz.de/10013114832
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Vertical Foreign Direct Investment : Make, Sell and (Not) Buy
Milliou, Chrysovalantou - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10012977204
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Service offshoring and export experience
Berlingieri, Giuseppe; Marcolin, Luca; Ornelas, Emanuel - 2021
Service inputs are a key component of the costs of exporting, and contribute to explain the process of internationalization of firms. A new dataset on the participation of French firms in global value chains reveals that firms with longer export experience in a market are more likely to source...
Persistent link: https://www.econbiz.de/10012534705