Multinational Firms and the Theory of International TradeMIT Press, 2002 - Počet stran: 440 Despite the great importance of multinational firms in international economics, theoretical and empirical research on these firms has generally been conducted separately from that on international trade. In this book, James Markusen provides a comprehensive integration of the two fields. Drawing on twenty years of research, he focuses on the interaction of scale economies, trade costs, factor endowments, and imperfect competition. He analyzes decisions about whether to build or acquire a foreign plant separately from decisions about where to raise the financing. Markusen begins with the simplest possible partial equilibrium models and works systematically toward a full-fledged general equilibrium model with both horizontal and vertical foreign direct investment. He offers empirical tests of hypotheses derived from the theoretical models. The notation is unified throughout, distinctions between models are explained with thoroughly explained derivations, and numerous graphs support the analysis. |
Obsah
Statistics Stylized Facts and Basic Concepts | 3 |
A PartialEquilibrium SingleFirm Model of Plant Location | 21 |
International Duopoly with Endogenous Market Structures | 39 |
Incumbency Preemption and Persistence | 61 |
A GeneralEquilibrium Oligopoly Model of Horizontal | 77 |
A GeneralEquilibrium MonopolisticCompetition Model | 105 |
The KnowledgeCapital Model | 127 |
Trade versus | 153 |
A Learning Model of Internalization with Applications | 307 |
An AsymmetricInformation Model of Internalization | 323 |
Preface to Technical Appendices | 345 |
Whos Afraid of Applied GE Modeling? A General | 355 |
Doing It the Easy Way GeneralEquilibrium Problem | 365 |
Fun with Sets and Conditionals GAMS Program | 375 |
How to Stop Worrying and Love the Computer | 383 |
Chefs Special for DixitStiglitz Lovers Program | 399 |
Traded Intermediate Inputs and Vertical Multinationals | 189 |
Estimating the KnowledgeCapital Model | 217 |
Production for Export versus Local Sale | 241 |
Discriminating among Alternative Models of | 263 |
A Reputation Model of Internalization | 287 |
Notes | 409 |
References | 419 |
429 | |
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Multinational Firms and the Theory of International Trade James R. Markusen Náhled není k dispozici. - 2002 |
Multinational Firms and the Theory of International Trade James R. Markusen Náhled není k dispozici. - 2002 |