| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w13447
|
| 来源ID | Working Paper 13447
|
| Intra-Industry Foreign Direct Investment |
| Laura Alfaro; Andrew Charlton
|
| 发表日期 | 2007-09-27
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to their parent firms) is larger than commonly thought, even within developed countries. More than half of all vertical subsidiaries are only observable at the four-digit level because the inputs they are supplying are so proximate to their parent firms' final good that they appear identical at the two-digit level. We call these proximate subsidiaries 'intra-industry' vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible at the two-digit level. These subsidiaries are not readily explained by the comparative advantage considerations in traditional models, where firms locate their low skill production stages abroad in low skill countries to take advantage of factor cost differences. We find that overwhelmingly, multinationals tend to own the stages of production proximate to their final production giving rise to a class of high-skill intra-industry vertical FDI. |
| 主题 | International Economics
; International Factor Mobility
|
| URL | https://www.nber.org/papers/w13447
|
| 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/571120
|
推荐引用方式
GB/T 7714 |
Laura Alfaro,Andrew Charlton. Intra-Industry Foreign Direct Investment. 2007.
|
|
文件名：
|
w13447.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
