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Persistent link: https://www.econbiz.de/10011286054
Despite the fact that many modern preferential trade agreements include commitments to foreign investors in imperfectly competitive services sectors, the literature has not established conditions under which these agreements are beneficial or harmful. The authors fill that void by developing a...
Persistent link: https://www.econbiz.de/10011288486
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Recent theories of the multinational corporation introduce the property rights model of the firm and examine whether to integrate our outsource firm activities locally or to a foreign country. This paper focus instead on the internal organization of the multinational corporation by examining the...
Persistent link: https://www.econbiz.de/10003470545
In 1993 Audi opened a new plant in Hungary. This paper examines the long-term effects of this large foreign direct investment on local firms operating in supplier industries. I use firmlevel panel data with long time series. Using the method of triple difference-in-differences I compare outcomes...
Persistent link: https://www.econbiz.de/10011538196
additional ones: population and rating for each individual country. It was established that the intra-company exchange has a … observed period of time. With respect to rating, as the second independent variable of special interest, we observe a positive … factor, which are not members of the integration, have a lower rating, which in turn has a direct impact on lower revenues. …
Persistent link: https://www.econbiz.de/10011538582
The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....
Persistent link: https://www.econbiz.de/10011474172
Many empirical papers tested the theoretical predictions of Helpman, Melitz and Yeaple (HMY, 2004) which sorts firms at different internationalization states according to their productivity levels. While these papers ignore the fact, that the theoretical predictions of HMY only apply to firms...
Persistent link: https://www.econbiz.de/10011474893
The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper lists some facts about their dominant role in all channels of globalization. Therefore, the importance of multinational enterprises in foreign direct investment and production...
Persistent link: https://www.econbiz.de/10011476361