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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP2866 |
DP2866 Emerging Market Debt: Measuring Credit Quality and Examining Relative Pricing | |
Robert Cumby; Tuvana Pastine | |
发表日期 | 2001-06-18 |
出版年 | 2001 |
语种 | 英语 |
摘要 | According to the ?convergence hypothesis?, multinational companies will tend to displace national firms and trade as total market size increases and as countries converge in relative size, factor endowments, and production costs. Using a recent model developed by Markusen and Venables (1998) as a theoretical framework, we explicitly develop and address the properties of empirical measures to proxy displacement of national by multinational firms between two countries. These empirical measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985-96. Our results provide some empirical support for the convergence hypothesis. |
主题 | International Trade and Regional Economics |
关键词 | Convergence Multinational enterprises New trade theory |
URL | https://cepr.org/publications/dp2866 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531906 |
推荐引用方式 GB/T 7714 | Robert Cumby,Tuvana Pastine. DP2866 Emerging Market Debt: Measuring Credit Quality and Examining Relative Pricing. 2001. |
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