| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16579 |
| DP16579 Dynamics of Large Multinationals | |
| Elhanan Helpman; Benjamin Niswonger | |
| 发表日期 | 2021-09-24 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We develop a model of large multinational enterprises, each one producing a continuum of products. These outsized firms compete as oligopolists in a domestic and foreign market, facing competitive pressure from single-product firms that engage in monopolistic competition. The multinational enterprises invest in R&D in order to expand the span of their products and in foreign direct investment (FDI) in order to expand the range of products manufactured by their foreign affiliates. We study the dynamic evolution of these markets and characterize transition dynamics and steady states. In addition to the evolution of product spans, we characterize the evolution of prices, markups, market shares, and exports relative to subsidiary sales. Furthermore, we study comparative dynamics that result from changes in trade costs, R&D costs, the cost of FDI and productivity changes of the multinational firms. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Multinational enterprise Foreign affiliate Foreign direct investment Innovation Firm dynamics Product span |
| URL | https://cepr.org/publications/dp16579 |
| 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/545528 |
| 推荐引用方式 GB/T 7714 | Elhanan Helpman,Benjamin Niswonger. DP16579 Dynamics of Large Multinationals. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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