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Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
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global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe …
Persistent link: https://www.econbiz.de/10012472680
the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been …
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abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …
Persistent link: https://www.econbiz.de/10012466110
populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these …
Persistent link: https://www.econbiz.de/10012455123
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"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...
Persistent link: https://www.econbiz.de/10010522397
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