| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3635 |
| DP3635 Some Stylized Facts on Non-Systematic Fiscal Policy in the Euro Area | |
| Massimiliano Marcellino | |
| 发表日期 | 2002-11-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which producers need specialized components. Potential suppliers must make a relationship-specific investment in order to serve each prospective customer. Such investments are governed by imperfect contracts. A final-good producer can manufacture components for itself, but the per-unit cost is higher than for specialized suppliers. We consider how the size of the cost differential, the extent of contractual incompleteness, the size of the industry, and the relative wage rate affect the organization of industry production. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Outsourcing Direct foreign investment Multinational corporations Imperfect contracting Intra-industry trade |
| URL | https://cepr.org/publications/dp3635 |
| 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/532643 |
| 推荐引用方式 GB/T 7714 | Massimiliano Marcellino. DP3635 Some Stylized Facts on Non-Systematic Fiscal Policy in the Euro Area. 2002. |
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