| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14668 |
| 来源ID | Working Paper 14668 |
| Adaptation and the Boundary of Multinational Firms | |
| Arnaud Costinot; Lindsay Oldenski; James E. Rauch | |
| 发表日期 | 2009-01-22 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | What determines the boundary of multinational firms? According to Williamson (1975), a potential rationale for vertical integration is to facilitate adaptation in a world where uncertainty is resolved over time. This paper offers the first empirical analysis of the impact of adaptation on the boundary of multinational firms. To do so, we first develop a ranking of sectors in terms of their "routineness" by merging two sets of data: (i) ratings of occupations by their intensities in "problem solving" from the U.S. Department of Labor's Occupational Information Network; and (ii) U.S. employment shares of occupations by sectors from the Bureau of Labor Statistics Occupational Employment Statistics. Using U.S. Census trade data, we then demonstrate that, in line with adaptation theories of the firm, the share of intrafirm trade tends to be higher in less routine sectors. This result is robust to inclusion of other variables known to influence the U.S. intrafirm import share such as capital intensity, R&D intensity, relationship specificity, intermediation and productivity dispersion. Our most conservative estimate suggests that a one standard deviation decrease in average routineness raises the share of intrafirm imports by 0.26 standard deviations, or an additional 7% of import value that is intrafirm. |
| 主题 | International Economics ; International Factor Mobility ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w14668 |
| 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/572344 |
| 推荐引用方式 GB/T 7714 | Arnaud Costinot,Lindsay Oldenski,James E. Rauch. Adaptation and the Boundary of Multinational Firms. 2009. |
| 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 | ||
| w14668.pdf（202KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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