International Trade and Multinational Activity
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.
Gains from trade with firm heterogeneity.- The international organization of the firm.- International business cycle dynamics with Heckscher-Ohlin trade.- Conclusions.
| Erscheint lt. Verlag | 8.5.2006 |
|---|---|
| Reihe/Serie | Lecture Notes in Economics and Mathematical Systems |
| Zusatzinfo | X, 162 p. 37 illus. |
| Verlagsort | Berlin |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Gewicht | 259 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Marketing / Vertrieb |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| Schlagworte | Firm Heterogeneity • Foreign Direct Investments • International business • International Business Cycles • Trade Theory |
| ISBN-13 | 9783540327189 / 9783540327189 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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