A recent American Economic Review article by David L. Carr, James R. Markusen, and Keith E. Maskus (CMM) estimates a regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge-capital model combines 'horizontal' motivations for FDI --...

This paper studies the effect of foreign direct investment (FDI) on environmental policy stringency in a two-country model with trade costs, where FDI could be unilateral and bilateral and both governments address local pollution through environmental taxes. We show that FDI does not give rise...

Division of labor models have become a standard analytical tool, along withcompetitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical...

In forschungsintensiven Industrien nimmt die räumliche Konzentration von Akteuren aus Wissenschaft, Wirtschaft und Politik immer größeren Einfluss auf die Standortwahl von Unternehmen. Zusätzlich unterstützen strukturpolitische Maßnahmen die Etablierung von Clusterinitiativen, um die...

The case study of United States shows that global economic processes significantly influence the location of manufacturing. Analysis of multidimensional data covering 1860-2010 shows several stylized facts. Intensity of U.S. involvement in global economy by set of indicators is characterized by...