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Migration, Spillovers,and Trade Diversion : The Impact of Internationalization on Stock Market Liquidity

Levine, Ross - 2003

What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, we find that internationalization reduces the...

Persistent link: https://www.econbiz.de/10012469086

Scale, Scope, and the International Expansion Strategies of Multiproduct Firms

Yeaple, Stephen Ross - 2013

A growing literature seeks to understand how the characteristics of firms shape the manner in which they serve foreign markets. We consider an environment in which multiproduct firms can sell their products in multiple countries from multiple locations. We show that there are strong empirical...

Persistent link: https://www.econbiz.de/10012459495

Innovation and Production in the Global Economy

Arkolakis, Costas - 2013

of China into the world economy may hurt countries that are driven to specialize in production due to HMEs, although …

Persistent link: https://www.econbiz.de/10012459690

Globalization, Technology, and the Skill Premium : A Quantitative Analysis

Burstein, Ariel - 2010

We construct a model of international trade and multinational production (MP) to examine the impact of globalization on …

Persistent link: https://www.econbiz.de/10012462198

Global Production and Trade in the Knowledge Economy

Keller, Wolfgang - 2008

This paper presents and tests a new model of multinational firms to explain a rich array of multinational behavior. In contrast to most approaches, here the multinational faces costs to transferring its know-how that are increasing in technological complexity. Costly technology transfer gives...

Persistent link: https://www.econbiz.de/10012464021

Internationalized Production in World Output

Lipsey, Robert E. - 1995

,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars … over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …

Persistent link: https://www.econbiz.de/10012473482

Taxes, Tariffs, and The Global Corporation

Levinsohn, James - 1990

In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in the practical application of tax and tariff policy - tax, but not tariff,...

Persistent link: https://www.econbiz.de/10012475527

International Comovement in the Global Production Network

Huo, Zhen - 2019

This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...

Persistent link: https://www.econbiz.de/10012479927

The IT Revolution and the Globalization of R&D

Branstetter, Lee G. - 2018

markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … large quantities of STEM workers who possessed IT and software skills. Our findings support the view that the globalization …

Persistent link: https://www.econbiz.de/10012453013

The Global Agglomeration of Multinational Firms

Alfaro, Laura - 2009

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...

Persistent link: https://www.econbiz.de/10012463073