Author: Nathaniel P. S. CookPublisher:
ISBN:
Category : Commercial treaties
Languages : en
Pages : 196
Book Description
Three Essays on International Trade and Multinational Firms
Author: Nathaniel P. S. CookPublisher:
ISBN:
Category : Commercial treaties
Languages : en
Pages : 196
Book Description
Multinationals and Trade
Author: Theresa Tracey Helen CarpenterPublisher:
ISBN:
Category :
Languages : en
Pages : 106
Book Description
This thesis contributes to the theoretical literature on multinational corporations. Theory posits foreign direct investment as an alternative to trade in goods: exporting firms benefit from scale economies, whereas firms supplying foreign markets via FDI benefit from proximity to markets. Yet empirical evidence shows FDI and trade to be positively related. This thesis introduces trade in intermediate goods into a standard model, to create a framework in which FDI and trade can be complementary. The model developed fits with the observation that a third of trade takes place within firms. The second part introduces firm-level heterogeneity into the basic proximity-versus-scale framework. The model allows investigation of the patterns of trade and the investment allowing simultaneously for difference among firms within a since sector. This firm-level size heterogeneity is a critical element of reality since in fact most multinationals are very large firms and most large firms are multinationals.
Three Essays in International Trade
Author: Leo KarasikThree Essays in International Trade and Investment
Author: Ting GaoThree Essays on International Trade
Author: Su Wang (Ph. D.)Publisher:
ISBN:
Category :
Languages : en
Pages : 152
Book Description
This thesis consists of three essays about international trade and wage inequality. Essay I characterizes optimal trade and FDI policies in a model with monopolistic competition and firm-level heterogeneity similar to Helpman et al. (2004). I find that both the optimal import tariffs and the optimal FDI subsidies discriminate against the more profitable foreign firms. This is because of the existence of a wedge between the private incentives of exporting and FDI firms, and the incentive of the representative agent. Essay II develops an elementary theory of global supply chains. It considers a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique free trade equilibrium, countries with lower probabilities of making mistakes at all stages specialize in later stages of production. Using this simple theoretical framework, it offers a first look at how vertical specialization shapes the interdependence of nations. Essay III proposes a model that has as ingredients heterogeneity of workers and firms, complementarity between occupations within each firm and complementarity between workers and firms/occupations. The competitive equilibrium features positive assortative matching and leads to both within- and between- firm wage variations. Comparative static results are then derived to generate new insights about changes in these components of wage inequality.
Three Essays on the Theory of Multinational Firms
Author: Vibhas MadanPublisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 316
Book Description
Three Essays In International Trade
Author: Fang HePublisher:
ISBN:
Category : Globalization
Languages : en
Pages : 320
Book Description
Three Essays in International Trade and Uncertainty
Author: Richard Edward BaldwinPublisher:
ISBN:
Category :
Languages : en
Pages : 234
Book Description
Three Essays on International Trade
Author: Vivek Harsha DehejiaPublisher:
ISBN:
Category :
Languages : en
Pages : 206
Book Description
Three Essays on International Trade
Author: Chrysostomos TabakisPublisher:
ISBN:
Category :
Languages : en
Pages : 204
Book Description