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来源类型Working Paper
规范类型报告
DOI10.3386/w7163
来源IDWorking Paper 7163
Multinational Firms: Reconciling Theory and Evidence
James R. Markusen; Keith E. Maskus
发表日期1999-06-01
出版年1999
语种英语
摘要An important component of Robert Lipsey's work has been his research on multinational firms, and his careful documentation of their behavior in terms of production and intra-firm trade. In this paper, we extend recent theory referred to as the knowledge-capital model', which simultaneously generates motives for both horizontal and vertical multinational production. We use this model to derive predictions about foreign affiliates' pattern of production for local markets versus production for exports as functions of country characteristics such as market sizes, size differences, and relative endowment differences. These predictions are then taken to data on affiliate production and trade. Results confirm several hypotheses. The ratio of production for export sales to production for local sale by affiliates of foreign multinationals depends negatively on market size, investment and trade costs in the host country, and positively on the relative skilled-labor abundance of the parent country (skilled-labor scarcity of the host country).
主题International Economics ; Trade ; International Factor Mobility
URLhttps://www.nber.org/papers/w7163
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/564698
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GB/T 7714
James R. Markusen,Keith E. Maskus. Multinational Firms: Reconciling Theory and Evidence. 1999.
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