| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10797 |
| DP10797 Brands in Motion: How frictions shape multinational production | |
| Thierry Mayer; Keith Head | |
| 发表日期 | 2015-08-30 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We use disaggregated data on car assembly and trade to estimate a model of multinational production. Our framework delineates four theory-based specifications under which all frictions relevant to multinational production can be structurally estimated. In addition to the trade costs and multinational production frictions emphasized in past work, we incorporate a third friction: regardless of production origin, it is more difficult to make sales in markets that are geographically separated from the brand's headquarters. The estimation transparently recovers internally consistent estimates of each type of friction cost. With structural parameters in hand, we investigate the consequences of three trade integration experiments: TPP, TTIP, and Brexit. We show that each type of friction makes a qualitative and quantitative difference in the reallocation of production caused by economic integration. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Cars Gravity Multinational production model Regional integration Structural estimation |
| URL | https://cepr.org/publications/dp10797 |
| 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/539627 |
| 推荐引用方式 GB/T 7714 | Thierry Mayer,Keith Head. DP10797 Brands in Motion: How frictions shape multinational production. 2015. |
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