Multinational Firms and the Theory of International Trade
Bibliographic Data
| ID | 9708015 |
|---|---|
| Authors | Nigel Driffield (0000-0003-1056-3117, Aston University, corresponding author) |
| Year | 2004 |
| Volume | 114 |
| Issue | 493 |
| Pages | F163-F164 |
| Publication date | 2004-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.0013-0133.2004.191_12.x |
| OpenAlex | W2062815580 |
| Language | EN |
| Citations received | 12 |
This volume is to a large extent a summary of Markusen’s contribution to the study of the multinational firm over the past 20 years, tracing the introduction of game theory and modern trade theory to the analysis of FDI and the multinational enterprise. Work of this type by Markusen, Venables and others has not only added significantly to our understanding of the multinational enterprise, but has also informed much of the applied work and policy analysis concerned with the location of economic activity. The volume provides interesting insight into how models of the multinational enterprise and of strategic trade policy developed simultaneously, largely independent of firm‐based transaction cost models of FDI in industrial economics. The latter approach is discussed later in the book, and therefore this is an ideal volume for graduate students in both industrial and international economics studying the analysis of the multinational enterprise. The early chapters are devoted to a discussion of the models of firm location based on new trade theory. The partial and general equilibrium models are clearly presented, while the author is very honest in outlining the limitations of the analysis. A counterfactual analysis is introduced towards the end of the initial chapters. This seems to be something of an afterthought, which is rather disappointing, as a fuller discussion of the counterfactual to FDI would have been of interest from a policy perspective as well as making a significant contribution to much of the current applied work in this area
Counterfactual thinking · Economics · Foreign direct investment · Industrial organization · Internalization theory · International trade · Macroeconomics · Microeconomics · Microfoundations · Multinational corporation · Neoclassical economics · Positive economics · Transaction cost · Work (physics · Economic Policies and Impacts · Global trade and economics · International Business and FDI
Does it matter where you invest? The impact of foreign direct investments on domestic job creation and destruction
Multinational firms and human capital investment
Multinational and exporter wage premia
Do Local Institutions Affect All Foreign Investors in the Same Way? Evidence from the Interwar Chinese Textile Industry
Country Competitiveness
Foreign direct investment in the Republic of Serbia
Who benefits of trade with China? Examining the effects of free trade agreements on trade flow with China using an adjusted gravity model
Multinational production and investment provisions in preferential trade agreements
The Role of Foreign Direct Investments in Southeastern Europe
Technical efficiency and technology gap of the manufacturing industry in China
Foreign employees as channel for technology transfer
Structuring investment and regional inequalities in the Brazilian Northeast
| Citations per year | 0.92 |
|---|---|
| Citation span | 2013 - 2024 (12) |
| Highly cited | No |