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The Margins of Global Sourcing: Theory and Evidence from U.S. Firms

Antras, Pol; Fort, Teresa C.; Tintelnot, Felix - National Bureau of Economic Research (NBER) - 2014

This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...

Persistent link: https://www.econbiz.de/10011103503

An Assignment Theory of Foreign Direct Investment

Nocke, Volker; Yeaple, Stephen Ross - National Bureau of Economic Research (NBER) - 2004

We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct … FDI by either engaging in greenfield investment or in cross-border acquisitions. Cross-border acquisitions involve firms … trading heterogeneous corporate assets to exploit complementarities, while greenfield FDI involves building a new plant in the …

Persistent link: https://www.econbiz.de/10005088966

Trade Policy and Market Power: The Case of the US Steel Industry

Blonigen, Bruce A.; Wilson, Wesley W.; Liebman, Benjamin H. - National Bureau of Economic Research (NBER) - 2007

A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms'...

Persistent link: https://www.econbiz.de/10005774569

Size and Growth of Japanese Plants in the United States

Blonigen, Bruce A.; Tomlin, KaSaundra - National Bureau of Economic Research (NBER) - 1999

Using a unique database on all Japanese manufacturing plants in the United States, we examine the relationship between plant size and growth for these foreign-owned plants. These plants average sizes are three times larger than comparable U.S. plants and experienced 30 percent growth from 1987...

Persistent link: https://www.econbiz.de/10005830370

Are All Trade Protection Policies Created Equal? Empirical Evidence for Nonequivalent Market Power Effects of Tariffs and Quotas

Blonigen, Bruce A.; Wilson, Wesley W.; Liebman, Benjamin H. - National Bureau of Economic Research (NBER) - 2010

Over the past decades, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and...

Persistent link: https://www.econbiz.de/10008680931

The Demarcation of Land and the Role of Coordinating Institutions

Libecap, Gary D.; Lueck, Dean - National Bureau of Economic Research (NBER) - 2009

This paper examines the origins and economic effects of the two dominant land demarcation systems: metes and bounds (MB) and the rectangular system (RS). Under MB property is demarcated by its perimeter as indicated by natural features and human structures and linked to surveys within local...

Persistent link: https://www.econbiz.de/10005064830

Industrialization and Urbanization: Did the Steam Engine Contribute to the Growth of Cities in the United States?

Kim, Sukkoo - National Bureau of Economic Research (NBER) - 2005

Industrialization and urbanization are seen as interdependent processes of modern economic development. However, the exact nature of their causal relationship is still open to considerable debate. This paper uses firm-level data from the manuscripts of the decennial censuses between 1850 and...

Persistent link: https://www.econbiz.de/10005713964

Did Economics Cause World War II?

Gordon, Robert J. - National Bureau of Economic Research (NBER) - 2008

Historians have long recognized the role of economic resources and organization in determining the outcome of World War II: the Nazi economy lacked the economic resources and organization to oppose the combined might of the U.S., U.K., and U.S.S.R. A minority view is that the Germans were...

Persistent link: https://www.econbiz.de/10005084936

Putting the Corporation in its Place

Guinnane, Timothy; Harris, Ron; Lamoreaux, Naomi R.; … - National Bureau of Economic Research (NBER) - 2007

This article challenges the idea that the corporation is a globally superior form of business organization and that the Anglo-American common-law is more conducive to economic development than the code-based legal systems characteristic of continental Europe. Although the corporation had...

Persistent link: https://www.econbiz.de/10005580809

The Twilight Zone: OTC Regulatory Regimes and Market Quality

Leuz, Christian; Brüggemann, Ulf; Kaul, Aditya; … - National Bureau of Economic Research (NBER) - 2013

We analyze a comprehensive sample of more than 10,000 U.S. stocks in the OTC market. As little is known about this market, we first characterize OTC firms by trading venue and provide evidence on survival, success, frequency of venue changes, reporting status, and trading activity. A large...

Persistent link: https://www.econbiz.de/10010969441