G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w6203
来源IDWorking Paper 6203
Vertical Multinationals and Host-Country Characteristics
Kevin H. Zhang; James R. Markusen
发表日期1997-09-01
出版年1997
语种英语
摘要The literature on multinationals and developing countries has examined the causality" running from direct investment to changes in country characteristics (wages skills, etc.) and also the opposite direction of causality, from existing country characteristics to" inward direct investment. This paper contributes to the second line of research the question of what country characteristics, particularly market size and labor-force" composition, attract inward investment. This approach is motivated by the empirical" observation that the poorest countries attract a far smaller share of world direct investment than" their share of income. Small markets receive less investment per capita than larger ones. We" develop a model that generates both stylized facts in equilibrium, suggesting the existence of a" development trap for small, skilled-labor-scarce countries.
主题International Economics ; Trade ; International Factor Mobility
URLhttps://www.nber.org/papers/w6203
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563711
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GB/T 7714
Kevin H. Zhang,James R. Markusen. Vertical Multinationals and Host-Country Characteristics. 1997.
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