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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 2003
dc.date.accessioned 2013-10-16T06:05:13Z
dc.date.available 2013-10-16T06:05:13Z
dc.date.issued 2013-10-16
dc.identifier Open economies review 0923-7992 14 2003 4 397-418
dc.identifier http://hdl.handle.net/10419/3049
dc.identifier ppn:370497392
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3049
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 firms by multinationals. These measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985–1996. Our results based on aggregate country level data provide some empirical support for the convergence hypothesis.
dc.language eng
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject Multinational enterprise
dc.subject convergence hypothesis
dc.subject new trade theory
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:article


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