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The Theory of Endowment, Intra-Industry, and Multinational Trade.

Abstract:

We consider a trade model combining a 2x2x2 Heckscher-Ohlin structure, monopolistic competition, transport costs, and multinational corporations. We demonstrate how the mix of national and multinational firms that operate in equilibrium depends on technology and on the division of the world endowment between countries. Multinationals are more likely to exist the more similar are countries in both relative and absolute endowments. Where multinationals exist they reduce the volume of trade and ...

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Publisher:
National Bureau of Economic Research
Volume:
5529
Series:
NBER Working Papers
Host title:
NBER Working Papers
Place of publication:
Inc, NBER Working Papers
Publication date:
1996-01-01
Paper number:
5529
Language:
English
UUID:
uuid:b53d1304-61df-4648-9b58-4912f0b46fb3
Local pid:
oai:economics.ouls.ox.ac.uk:12020
Deposit date:
2011-08-16

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