The home-market effect, first hypothesized by Linder (1961) and later formalized by Krugman (1980), is the idea that countries with larger demand for some products at home tend to have larger sales of the same products abroad. In this paper, we develop a simple test of the home-market effect...

The home-market effect, first hypothesized by Linder (1961) and later formalized by Krugman (1980), is the idea that countries with larger demand for some products at home tend to have larger sales of the same products abroad. In this paper, we develop a simple test of the home-market effect...

This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...

Das Geschäftsklima im sächsischen verarbeitenden Gewerbe hat sich im März nach einer Besserung im Februar wieder eingetrübt. Das ist vor allem auf eine wieder skeptischere Einschätzung der Entwicklung in den kommenden Monaten zurückzuführen. Auch hinsichtlich der künftigen...