Three Essays on the Theory of Multinational Firms PDF Download

Author: Vibhas Madan
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 316

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Author: Nathaniel P. S. Cook
Publisher:
ISBN:
Category : Commercial treaties
Languages : en
Pages : 196

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Author: James R. Hines
Publisher: Brookings Institution Press
ISBN: 0815738560
Category : Business & Economics
Languages : en
Pages : 585

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How multinationals contribute, or don't, to global prosperity Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible. In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals? In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.

Author: Joonhyung Lee
Publisher:
ISBN:
Category : International business enterprises
Languages : en
Pages : 124

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In the era of globalization, multinational corporations are the center in international economics. Most studies are based on investment flows between developed countries, however. With a firm-level dataset on South Korean multinational corporations, this dissertation adds new insights to the research of multinational corporations from the perspective of an emerging country. The first essay investigates the impact of the level of development of the destination country on employment growth of the multinational corporations in the home country. Using a difference-in-difference approach, we assess the impact of starting to invest in less-advanced countries compared with investing in more-advanced countries. To obtain suitable control groups in each case, we use the propensity score method. The method selects national firms that ex post did not take the investment decisions even though ex ante they would have been equally likely to. We find that moving to less-advanced countries decreases a company's employment growth rate especially in the short run. On the other hand, moving to more-advanced countries does not consistently affect employment growth in any significant way. Including investment decisions of established multinationals in the estimation somewhat weakens but does not overturn this conclusion. The second essay studies the location decision of South Korean multinationals across China's regions with a firm-level dataset. Our conditional logit estimates confirm previous studies that found agglomeration effects along industry and along national lines. In particular, South Korean investors target the region where there are more firms in an industry irrespective of their nationality. At the same time, more affliates from South Korean multinationals also attract new entrants. More importantly, however, we add an upstream and downstream (backward and forward) linkage effect. We find that the presence of upstream and downstream South Korean affiliates significantly increases the likelihood that a South Korean multinational invests in a particular region. At the same time, however, backward and forward linkages at the industry level that do not differentiate by nationality do not seem to matter much. As such, our analysis of investors' location choice brings together two perspectives: (backward and forward) linkages and agglomeration along national lines. The third essay explores regional production networks and off-shoring of material and service inputs in East Asia using the Asian International Input-Output Table (1990, 1995, and 2000). In process of doing so, off-shoring is directly measured from the Table which is not used in the previous literature on this issue. It turns out that East Asian countries source the significant share of inputs within East Asia. Besides material off-shoring, services off-shoring becomes more and more common in the era of globalization. In particular, countries in this region have used goods and services inputs mainly from Japan and the United States. However, in recent years, China and Korea started to supply greater amounts of goods and services inputs

Author: Giorgio Barba Navaretti
Publisher: Princeton University Press
ISBN: 0691214271
Category : Business & Economics
Languages : en
Pages :

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Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are seen by some as threats to national identities and wealth and are accused of riding roughshod over national laws and of exploiting cheap labor. However, the debate on these companies and foreign direct investment is rarely grounded on sound economic arguments. This book brings clarity to the debate. With the contribution of other leading experts, Giorgio Barba Navaretti and Anthony Venables assess the determinants of multinationals' actions, investigating why their activity has expanded so rapidly, and why some countries have seen more such activity than others. They analyze their effects on countries that are recipients of inward investments, and on those countries that see multinational firms moving jobs abroad. The arguments are made using modern advances in economic analysis, a case study, and by drawing on the extensive empirical literature that assesses the determinants and consequences of activity by multinationals. The treatment is rigorous, yet accessible to all readers with a background in economics, whether students or professionals. Drawing out policy implications, the authors conclude that multinational enterprises are generally a force for the promotion of prosperity in the world economy.

Author: C.J. Dixon
Publisher: Routledge
ISBN: 0429718160
Category : Social Science
Languages : en
Pages : 191

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This book, an outcome of the conference in 1983 held at the University of Birmingham, examines the varied roles played by multinational corporations in the economies of the Third World countries and concentrates more closely on regional, national, sectoral or corporate levels.

Author: Paul A. Baran
Publisher: NYU Press
ISBN: 0853450730
Category : Business & Economics
Languages : en
Pages : 415

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Essay on the capitalist economy of the USA - covers corporation structure and giant entrepreneurship, generation and absorption of surplus profit, consumption, investment, historical and political aspects of monopoly, defence policy, etc., and includes sociological aspects, the standard of living and intergroup relations. References.

Author: William Martín Tracy
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 320

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Author: Maxwell Oteng
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 226

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Author: Namhoon Kwon
Publisher:
ISBN:
Category :
Languages : en
Pages : 288

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