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来源类型Working Paper
规范类型报告
DOI10.3386/w2933
来源IDWorking Paper 2933
Technological Characteristics of Industries and the Competitiveness of the U.S. and its Multinational Firms
Irving B. Kravis; Robert E. Lipsey
发表日期1989-04-01
出版年1989
语种英语
摘要The share of U.S. multinational firms in world exports of manufactures has remained almost constant at about 17 per cent for the last 20 years while that of the U.S. as a country has declined substantially. The composition of world manufactured exports shifted toward high-technology or R&D-intensive products during these years and away from low-technology products. The comparative advantage of the U.S., and even more that of U.S. multinationals, were in high-tech products throughout the period, as was that of Japan. However, the U.S. and its multinationals shifted even further toward such products during the period than did the world as a whole, and the Asian NIC's exports moved still faster in this direction. With respect to short-run fluctuations, we find that the export shares of U.S. multinationals have been less sensitive to exchange rate fluctuations than those of the U.S. And shares in high-tech exports have been less sensitive than those in low-tech exports. High R&D intensity was a factor raising the competitiveness of U.S. industries and particularly that of U.S. multinationals in those industries. High advertising intensity raised the competitiveness of U.S multinationals but not usually that of their industries. Higher growth in R&D-intensity also led to increase in multinationals' shares of world exports between 1977 and 1982.
主题International Economics
URLhttps://www.nber.org/papers/w2933
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/560203
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Irving B. Kravis,Robert E. Lipsey. Technological Characteristics of Industries and the Competitiveness of the U.S. and its Multinational Firms. 1989.
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