| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5696 |
| 来源ID | Working Paper 5696 |
| A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services | |
| James R. Markusen; Anthony J. Venables; Denise Eby Konan; Kevin H. Zhang | |
| 发表日期 | 1996-08-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the same final product in multiple locations, with work on vertical multinationals, which geographically fragment production by stages. Previously derived results now emerge as special cases of a more general model. Vertical multinationals dominate when countries are very different in relative factor endowments. Horizontal multinationals dominate when the countries are similar in size and in relative endowments, and trade costs are moderate to high. In some cases, foreign investment or trade liberalization leads to a reversal in the direction of trade. Investment liberalization can also lead to an increase in the volume of trade and produces a strong tendency toward factor-price equalization. Thus direct investment can be a complement to trade in both a volume-of-trade sense and in a welfare sense. |
| 主题 | International Economics ; Trade ; International Factor Mobility |
| URL | https://www.nber.org/papers/w5696 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563180 |
| 推荐引用方式 GB/T 7714 | James R. Markusen,Anthony J. Venables,Denise Eby Konan,et al. A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5696.pdf（2716KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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