Multinational Firms and The New Trade Theory.
A model is constructed in which multinational firms may arise endogenously. Multinationals exist in equilibrium when transport and tariff costs are high, incomes are high, and firm-level scale economies are important relative to plant-level scale economies. Less obvious, multinationals are more impo...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
National Bureau of Economic Research
1995
|