Multinational Firms and the New Trade Theory.
A model is constructed in which multinational firms arise endogenously. Multinationals are more important in total activity when countries are similar in incomes (size) and in relative factor endowments, and when total world income is high. These predictions are consistent with empirical evidence an...
| मुख्य लेखकों: | , |
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| स्वरूप: | Journal article |
| भाषा: | English |
| प्रकाशित: |
1998
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| _version_ | 1826289170366070784 |
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| author | Markusen, J Venables, A |
| author_facet | Markusen, J Venables, A |
| author_sort | Markusen, J |
| collection | OXFORD |
| description | A model is constructed in which multinational firms arise endogenously. Multinationals are more important in total activity when countries are similar in incomes (size) and in relative factor endowments, and when total world income is high. These predictions are consistent with empirical evidence and the authors' results help point to more formal tests. The standard oligopoly model of international trade is a special case of their model when multinationals are suppressed and this allows the authors to provide an explicit comparison to the national-firm model with respect to the location of production, welfare, and the volume of trade. |
| first_indexed | 2024-03-07T02:24:49Z |
| format | Journal article |
| id | oxford-uuid:a53b59b7-02fe-4a12-827c-7701e6e29096 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T02:24:49Z |
| publishDate | 1998 |
| record_format | dspace |
| spelling | oxford-uuid:a53b59b7-02fe-4a12-827c-7701e6e290962022-03-27T02:39:01ZMultinational Firms and the New Trade Theory.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:a53b59b7-02fe-4a12-827c-7701e6e29096EnglishDepartment of Economics - ePrints1998Markusen, JVenables, AA model is constructed in which multinational firms arise endogenously. Multinationals are more important in total activity when countries are similar in incomes (size) and in relative factor endowments, and when total world income is high. These predictions are consistent with empirical evidence and the authors' results help point to more formal tests. The standard oligopoly model of international trade is a special case of their model when multinationals are suppressed and this allows the authors to provide an explicit comparison to the national-firm model with respect to the location of production, welfare, and the volume of trade. |
| spellingShingle | Markusen, J Venables, A Multinational Firms and the New Trade Theory. |
| title | Multinational Firms and the New Trade Theory. |
| title_full | Multinational Firms and the New Trade Theory. |
| title_fullStr | Multinational Firms and the New Trade Theory. |
| title_full_unstemmed | Multinational Firms and the New Trade Theory. |
| title_short | Multinational Firms and the New Trade Theory. |
| title_sort | multinational firms and the new trade theory |
| work_keys_str_mv | AT markusenj multinationalfirmsandthenewtradetheory AT venablesa multinationalfirmsandthenewtradetheory |