Emami Namini International Trade and Multinational Activity

Heterogeneity of Firms, Incentives for Foreign Direct Investment, and International Business Cycle Dynamics
1. Auflage 2006
ISBN: 978-3-540-32719-6
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 573, 162 Seiten, eBook

Reihe: Lecture Notes in Economics and Mathematical Systems

During the last 25 year, the neoclassical Heckscher-Ohlin trade theory has been extended to the ‘new’ trade theory by including imperfect competition and fixed costs into the analysis of trade relations. Furthermore, these micro-oriented trade models are increasingly used to analyze macro-oriented questions. Chapter 2 of this study investigates the dynamic welfare effects of exposure to trade in a new trade model, which is extended by firm heterogeneity. It is analyzed under which conditions exposure to trade with firm heterogeneity increases or decreases steady state welfare of a country. Chapter 3 uses a new trade model to explore which country-specific conditions give rise to horizontal or vertical multinational activity. Finally, chapter 4 combines the Heckscher-Ohlin model and a new trade model with horizontal multinational firms with the macro-oriented real business cycle model and analyzes the role of goods trade and horizontal multinational firms in international business cycle transmission.

Zielgruppe

Research

Autoren/Hrsg.

Emami Namini, Julian

Inhaltsverzeichnis

Gains from trade with firm heterogeneity.- The international organization of the firm.- International business cycle dynamics with Heckscher-Ohlin trade.- Conclusions.