| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7165 |
| DP7165 Financial Signalling by Innovative Nascent Entrepreneurs | |
| David Audretsch; Werner Bönte; Prashanth Mahagaonkar | |
| 发表日期 | 2009-02-09 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | In this paper we ask why the gravity model of international trade also work well for foreign direct investment (FDI) flows or multinational production (MP). We propose a model of trade and horizontal FDI, where the subsidiary is allowed to source inputs from the headquarters. Under certain parameter values, the model will generate gravity relationships for both exports and MP. Matching the model with data using a unique firm-level dataset of both exports and MP reveals the following results. First, intra-firm trade appears to play a crucial role in shaping the geography of MP. Our conclusions are robust to any geographical distribution of fixed costs. Second, counterfactual experiments show that impeding FDI leads to reduced domestic labor demand by the headquarters, suggesting that outwards FDI may have positive effects on home employment. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Export Fdi Multinational production Gravity Intra-firm trade |
| URL | https://cepr.org/publications/dp7165 |
| 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/535995 |
| 推荐引用方式 GB/T 7714 | David Audretsch,Werner Bönte,Prashanth Mahagaonkar. DP7165 Financial Signalling by Innovative Nascent Entrepreneurs. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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