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...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Jezik: | English |
| Izdano: |
1998
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