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Multinational enterprises and new trade theory: Evidence for the convergence hypothesis

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dc.creator Barrios Cobos, Salvador
dc.creator Görg, Holger
dc.creator Strobl, Eric
dc.date 2001
dc.date.accessioned 2013-10-16T06:19:50Z
dc.date.available 2013-10-16T06:19:50Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2603
dc.identifier ppn:331923599
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2603
dc.description According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as total market size increases and as countries converge in relative size, factor endowments, and production costs. Using a recent model developed by Markusen and Venables (1998) as a theoretical framework, we explicitly develop and address the properties of empirical measures to proxy displacement of national by multinational firms between two countries. These empirical measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985–96. Our results provide some empirical support for the convergence hypothesis.
dc.language eng
dc.publisher Centre for Economic Policy Research London
dc.relation CEPR Discussion paper series / Centre for Economic Policy Research 2827
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F21
dc.subject F23
dc.subject ddc:330
dc.subject Multinationales Unternehmen
dc.subject Neue Außenhandelstheorie
dc.subject Theorie
dc.title Multinational enterprises and new trade theory: Evidence for the convergence hypothesis
dc.type doc-type:workingPaper


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