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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13321 |
DP13321 Organizing Global Supply Chains: Input-Output Linkages and Vertical Integration | |
Claudia Steinwender; Giuseppe Berlingieri; Frank Pisch | |
发表日期 | 2019-04-23 |
出版年 | 2019 |
语种 | 英语 |
摘要 | We study whether and how the technological importance of an input – measured by its cost share – is related to the decision of whether to “make” or “buy” that input. Using detailed French international trade data and an instrumental variable approach based on self-constructed input-output tables, we show that French multinationals vertically integrate those inputs that have high cost shares. A stylized incomplete contracting model with both ex ante and ex post inefficiencies explains why: technologically more important inputs are “made” when transaction cost economics type forces (TCE; favoring integration) overpower property rights type forces (PRT; favoring outsourcing). Additional results related to the contracting environment and headquarters intensity consistent with our theoretical framework show that both TCE and PRT type forces are needed to fully explain the empirical patterns in the data. |
主题 | Industrial Organization ; International Trade and Regional Economics |
关键词 | Vertical integration Supply chains Direct requirements Input output relationship Intrafirm trade |
URL | https://cepr.org/publications/dp13321-0 |
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/542547 |
推荐引用方式 GB/T 7714 | Claudia Steinwender,Giuseppe Berlingieri,Frank Pisch. DP13321 Organizing Global Supply Chains: Input-Output Linkages and Vertical Integration. 2019. |
条目包含的文件 | 条目无相关文件。 |
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