The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Multinational firms, technology diffusion and trade
Open accessAbstract
Attempts to add multinational firms to the ‘new’ trade theories generate predictions about direct investment dramatically at odds with the facts. A failure to treat internalization adequately seems responsible at least in part. Empirical evidence also indicates a close association between multinational firms and knowledge capital; we exploit this to examine the role of internalization and its relation to locational factors. We model a firm which must choose between costly exporting and the possible dissipation of its knowledge capital by producing abroad. The paper examines the choice between exporting, licensing, and acquiring a subsidiary in this environment. We analyze the cost and technology parameters that support alternative modes of serving the foreign market, and we describe the international equilibrium that jointly determines the pattern of specialization and the market mode. We find that similarities in relative factor endowments may promote direct investment.
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Citations
Cites
Endogenous Technological Change
Romer, P. M. (1990) · Journal of Political Economy · doi:10.1086/261725 · Cited by 17,711
Franchising: Firms, Markets, and Intangible Assets
Caves, R. E., & II, W. F. M. (1976) · Southern Economic Journal · doi:10.2307/1056250 · Cited by 694
Endogenous market structures in international trade (natura facit saltum)
Horstmann, I. J., & Markusen, J. R. (1992) · Journal of International Economics · doi:10.1016/0022-1996(92)90038-l · Cited by 528
Self-citation
Research works printed but not linked: 16
- Brainard, 1993, An empirical assessment of the proximity/concentration tradeoff between multinational sales and trade, 10.3386/w4580 · DOI · Paper page
- Davidson, 1984, International technology transfers and the theory of the firm, Journal of Industrial Economics, 32, 253, 10.2307/2098016 · DOI · Paper page
- Dunning, 1981, Explaining the international direct investment position of countries: Towards a dynamic or developmental approach, Weltwirtschaftliches Archiv, 117, 30, 10.1007/BF02696577 · DOI · Paper page
- Ethier, 1979, Internationally decreasing costs and world trade, Journal of International Economics, 9, 1, 10.1016/0022-1996(79)90045-X · DOI
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- Ethier, 1986, The multinational firm, Quarterly Journal of Economics, 80, 805, 10.2307/1884179 · DOI · Paper page
- Ethier, 1994, Multinational firms in the theory of international trade, Vol. 4
- Helpman, 1984, A simple theory of international trade with multinational corporations, Journal of Political Economy, 92, 451, 10.1086/261236 · DOI
- Horstmann, 1987, Strategic investments and the development of multinationals, International Economic Review, 28, 109, 10.2307/2526862 · DOI · Paper page
- Horstmann, 1987, Licensing versus direct investment: A model of intemalization by the multinational enterprise, Canadian Journal of Economics, 20, 464, 10.2307/135389 · DOI
- Mansfield, 1980, Technology transfer to overseas subsidiaries by U.S.-based firms, Quarterly Journal of Economics, 94, 737, 10.2307/1885489 · DOI · Paper page
- Markusen, 1984, Multinationals, multi-plant economies, and the gains from trade, Journal of International Economics, 14, 205, 10.1016/S0022-1996(84)80001-X · DOI · Paper page
- Markusen, 1995, The boundaries of multinational enterprises and the theory of international trade, Journal of Economic Perspectives, 9, 169, 10.1257/jep.9.2.169 · DOI
- Nicholas, 1983, Agency contracts, institutional modes, and the transition to foreign direct investment by British manufacturing multinationals before 1939, Journal of Economic History, 43, 675, 10.1017/S0022050700030308 · DOI
- Romer, 1986, Increasing returns and long-run growth, Journal of Political Economy, 94, 1002, 10.1086/261420 · DOI · Paper page
- Wilson, 1977, The effect of technological environment and product rivalry on R and D effort and licensing of inventions, Review of Economics and Statistics, 59, 171, 10.2307/1928813 · DOI
Cited by
Export Versus FDI with Heterogeneous Firms
Helpman, E., Melitz, M. J., & Yeaple, S. R. (2004) · American Economic Review · doi:10.1257/000282804322970814 · Cited by 4,030
Firms, Contracts, and Trade Structure
Antras, P. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303322552829 · Cited by 1,194
Analytical Differences in the Economics of Geography: The Case of the Multinational Firm
McCann, P., & Mudambi, R. (2005) · Environment and Planning A: Economy and Space · doi:10.1068/a37311 · Cited by 237
Multinational knowledge spillovers with decentralised R&D: a game-theoretic approach
Sanna-Randaccio, F., & Veugelers, R. (2007) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400249 · Cited by 171
Endogenous R&D and foreign direct investment in international oligopolies
Petit, M.-L., & Sanna-Randaccio, F. (2000) · International Journal of Industrial Organization · doi:10.1016/s0167-7187(98)00028-9 · Cited by 131
Entrepreneurial ecosystems and social network centrality: the power of regional dealmakers
Pittz, T. G., White, R., & Zoller, T. (2021) · Small Business Economics · doi:10.1007/s11187-019-00228-8 · Cited by 72
R&D and foreign direct investment with asymmetric spillovers
Petit, M. L., Sanna-Randaccio, F., & Sestini, R. (2012) · Economics of Innovation and New Technology · doi:10.1080/10438599.2011.561994 · Cited by 15
Metadata
- Authors
- Ethier, W. J., & Markusen, J. R.
- Venue
- Journal of International Economics
- Publisher
- Elsevier BV
- Published
- 1996-08
- Volume
- 41
- Issue
- 1-2
- Pages
- 1-28
- ISSN
- 0022-1996 (ISSN-L)
- OpenAlex
- W3123351561
- Cited by
- 345
- References
- 3
- FWCI
- 7.33
- Type
- journal article
- Language
- en
- Open access
- hybrid
- Licence
- www.elsevier.com/tdm/userlicense/1.0/ (tdm)
- www.elsevier.com/legal/tdmrep-license (tdm)
- creativecommons.org/licenses/by-nc-nd/4.0/ (vor, 937 d)
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