| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9122 |
| 来源ID | Working Paper 9122 |
| Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms | |
| Robert E. Lipsey; Zadia M. Feliciano | |
| 发表日期 | 2002-08-29 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Using U.S. Bureau of Economic Analysis data for individual foreign acquisitions and new establishments in the U.S from 1988 to 1998, and aggregate data for 1980 to 1998, we find that acquisitions and establishments of new firms tend to occur in periods of high U.S. growth and take place mainly in industries in which the investing country has some comparative advantage in exporting. New establishments are largely in industries of U.S. comparative disadvantage, and the relation of U.S. comparative advantage to takeovers is also negative, but never significant. High U.S. stock prices, industry profitability, and industry growth discourage takeovers. High U.S interest rates and high investing country growth and currency values encourage takeovers. Direct investments in acquisitions and new establishments thus tend to flow in the same direction as trade. They originate in countries with comparative advantages in particular industries and flow to industries of U.S. comparative disadvantage. |
| 主题 | International Economics ; International Factor Mobility |
| URL | https://www.nber.org/papers/w9122 |
| 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/566733 |
| 推荐引用方式 GB/T 7714 | Robert E. Lipsey,Zadia M. Feliciano. Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms. 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 | ||
| w9122.pdf（243KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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