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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP14452 |
DP14452 The Structure of Firms' International Activities | |
Ronald Davies; James Markusen | |
发表日期 | 2020-02-28 |
出版年 | 2020 |
语种 | 英语 |
摘要 | The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate activities across borders, and vertical investments which fragment activities across countries. In addition, we use data (primarily from the US) to examine which of these structures seems to dominate the data. This includes a novel use of measures of global value-chain positioning of a country's industries. In each case, the data suggests a dominant role for horizontal investment. We conclude with a discussion of the challenge that intangibles play in multinational data and point towards potentially fertile areas for future research. |
主题 | International Trade and Regional Economics |
关键词 | Horizontal multinationals Vertical multinationals Replication Fragmentation |
URL | https://cepr.org/publications/dp14452 |
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/543351 |
推荐引用方式 GB/T 7714 | Ronald Davies,James Markusen. DP14452 The Structure of Firms' International Activities. 2020. |
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