| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4525 |
| DP4525 Exclusive Contracts, Loss to Delay and Incentives to Invest | |
| Giancarlo Spagnolo; Christian Groh | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, but can produce its intermediate inputs and conduct assembly operations in one or more of three locations. We study the equilibrium choices of firms that differ in productivity levels, focusing on the role that industry characteristics such as the fixed costs of foreign subsidiaries, the cost of transporting intermediate and final goods, and the regional composition of the consumer market play in determining the optimal integration strategies. In the process, we identify three distinct ?complementarities? that link firms? foreign investment decisions for different stages of production. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Direct foreign investment Multinational corporations Intra-firm trade Vertical integration |
| URL | https://cepr.org/publications/dp4525 |
| 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/533470 |
| 推荐引用方式 GB/T 7714 | Giancarlo Spagnolo,Christian Groh. DP4525 Exclusive Contracts, Loss to Delay and Incentives to Invest. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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