Narrow search
Showing 1 - 10 of 371
Cover Image
A Linder Hypothesis for Foreign Direct Investment
Fajgelbaum, Pablo; Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2011
We study patterns of FDI in a multi-country world economy. First, we present evidence for a broad sample of countries … that firms direct FDI disproportionately to markets with income levels similar to their home market. Then we develop a …-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We …
Persistent link: https://www.econbiz.de/10009367424
Cover Image
Foreign Direct Investment and Politics: The Swedish Model
Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995
Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...
Persistent link: https://www.econbiz.de/10005123621
Cover Image
Cross-Border Mergers & Acquisitions and the Role of Trade Costs
Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...
Persistent link: https://www.econbiz.de/10005067607
Cover Image
A Touch of Sophistication: FDI and Unit Values of Exports
Harding, Torfinn; Javorcik, Beata - C.E.P.R. Discussion Papers - 2009
many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries … over the period 1984-2000. The findings are consistent with a positive effect of FDI on unit values of exports in …
Persistent link: https://www.econbiz.de/10008557016
Cover Image
Foreign Direct Investment and Spillovers through Workers' Mobility
Fosfuri, Andrea; Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 1999
We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign...
Persistent link: https://www.econbiz.de/10005124087
Cover Image
Optimal Integration: Strategies for the Multinational Firm
Grossman, Gene; Helpman, Elhanan; Szeidl, Adam - C.E.P.R. Discussion Papers - 2004
We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, but can produce its intermediate inputs and conduct assembly operations in one or more of...
Persistent link: https://www.econbiz.de/10005124092
Cover Image
Foreign Direct Investment and the Single Market
Neary, J Peter - C.E.P.R. Discussion Papers - 2002
liberalization by a group of countries on the level and pattern of inward foreign direct investment (FDI). First, the tariff …-jumping motive encourages plant consolidation. Second, the export platform motive favours FDI with only a single union plant relative …
Persistent link: https://www.econbiz.de/10005067471
Cover Image
Outsourcing Versus FDI in Industry Equilibrium
Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2002
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which producers need specialized components. Potential suppliers must make a relationship-specific investment in order to serve each prospective customer. Such investments are governed by...
Persistent link: https://www.econbiz.de/10005067585
Cover Image
Multinational Corporations and Spillovers
Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1996
This paper examines spillover effects of the activities of multinational firms (MNCs). Such effects are most likely to be found in host countries, where the operations of foreign multinationals may influence local firms in the MNC’s own industry as well as firms in other industries. There is...
Persistent link: https://www.econbiz.de/10005497921
Cover Image
Creditor Rights and Debt Allocation within Multinationals
Akbel, Basak; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010
We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...
Persistent link: https://www.econbiz.de/10008466341