| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8929 |
| 来源ID | Working Paper 8929 |
| Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment | |
| Bruce A. Blonigen; Ronald B. Davies; Keith Head | |
| 发表日期 | 2002-05-09 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | A recent American Economic Review article by David L. Carr, James R. Markusen, and Keith E. Maskus (CMM) estimates a regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge-capital model combines 'horizontal' motivations for FDI -- the desire to place production close to customers and thereby avoid trade costs -- with 'vertical' motivations -- the desire to carry out unskilled-labor intensive production activities in locations with relatively abundant unskilled labor. The CMM estimates pool inward and outward U.S. affiliate sales data from 1986 through 1994 and appear to support the knowledge-capital model of the MNE. We show that CMM's empirical framework mis-specifies the terms measuring differences in skilled-labor abundance, key variables that identify vertical MNE motivations. After correcting this specification error estimates no longer reject the horizontal model in favor of the knowledge-capital model. Instead, the data strongly support the predictions of the horizontal model of MNEs: affiliate activity between countries decreases as absolute differences in skill-labor abundance widen. Qualitatively identical results are also found using data that include a wider variety of parent and host countries, including data for the OECD. |
| 主题 | International Economics ; International Factor Mobility |
| URL | https://www.nber.org/papers/w8929 |
| 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/566537 |
| 推荐引用方式 GB/T 7714 | Bruce A. Blonigen,Ronald B. Davies,Keith Head. Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment. 2002. |
| 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 | ||
| w8929.pdf（215KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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