Showing 1 - 10 of 21,866
This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed by firms is fundamental and the extent to which the...
Persistent link: https://www.econbiz.de/10010328707
Intra-firm trade, from parents to affiliates, has been combined with standard models of multinational production (MP) to deliver gravity-style predictions for foreign affiliates' sales. Nonetheless, the evidence shows that intra-firm trade is concentrated among a small set of large multinational...
Persistent link: https://www.econbiz.de/10014518135
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
This paper unveils a systematic pattern in the People's Republic of China's (PRC) processing trade. In a cross-section of the PRC's provinces, the average distance traveled by processing imports (import distance) is negatively correlated with the average distance traveled by processing exports...
Persistent link: https://www.econbiz.de/10003927407
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/10011474759
I study the aggregate implications of the entry of Multinational Firms (MNFs) in a two country Dynamic Stochastic … and business cycle data along two dimensions. First, once I allow for concurrent entry (and exit) of MNFs and exporters …-country correlations of output and consumption found in the data. Second, I show that the model with heterogeneous MNFs is capable of …
Persistent link: https://www.econbiz.de/10013136627
This paper investigates the impact of deep integration in preferential trade agreements (PTAs) on multinational production (MP), i.e. the production carried out by firms outside of their country of origin. Using a structural gravity model, we find that tariff reductions have a positive impact on...
Persistent link: https://www.econbiz.de/10012893148
This research sheds light on the role of multinational production on the type of innovation performed by firms. We construct matched firm-patent data to measure the scope of innovation, that is the extent to which the output of R&D can be spread across different product lines. We focus on two...
Persistent link: https://www.econbiz.de/10013027147
This paper starts by unveiling a new empirical regularity: multinational corporations tend to exhibit systematically higher returns and earnings yields than non-multinational firms. Within non-multinationals, exporters tend to have higher earnings yields and returns than firms selling only in...
Persistent link: https://www.econbiz.de/10013146784
This research sheds light on the role of multinational production on the type of innovation performed by firms. We construct matched firm-patent data to measure the scope of innovation, that is the extent to which the output of R&D can be spread across different product lines. We focus on two...
Persistent link: https://www.econbiz.de/10013063954