Firm Heterogeneity, Foreign Direct Investment and the Host-country Welfare PDF Download
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Author: Arijit Mukherjee
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Arijit Mukherjee
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Stephen D. Cohen
Publisher: Oxford University Press
ISBN: 0198039859
Category : Business & Economics
Languages : en
Pages : 382
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Foreign direct investment (FDI) and multinational corporations (MNCs)--for better and worse--play a large and growing role in shaping our world. The integrating thesis of this book is the inevitability of heterogeneity in FDI and MNCs and, accordingly, the imperative of disaggregation. Large companies doing business on a global basis increasingly dominate the production and marketing of the world's goods and services. The importance of these companies continues to grow while the debate about their nature and effects remains mired in a long-standing stalemate couched in strong black and white terms. Stephen D. Cohen seeks to reconcile this impasse by analyzing multinational corporations and foreign direct investment in an eclectic, nuanced manner. The core thesis is that an accurate understanding of the nature and impact of these phenomena comes from acknowledging the dominance of heterogeneity, perceptions, and ambiguity and the paucity of universal truths. This approach should contribute significantly to both a better academic understanding and a more productive policy debate of an increasingly important element of the world economy.
Author: John P. Weche
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This study evaluates the pro-competitive effect of foreign market penetration with a broad firm-level database that covers manufacturing industries in six European countries. The main contribution is the demonstration of the heterogeneous effects on host country competition of the two main channels of foreign market penetration that have been assigned fundamental differences by economic theory: imports and foreign direct investment. The results of dynamic estimates of firm-level markups reveal a pro-competitive effect of imports, while foreign direct investment shows no clear overall impact, suggesting a cancelling out of competitive pressure and spillovers. These findings matter for both future empirical research and policy considerations that must weigh the positive and negative effects of foreign market integration on the competitive environment and consumer welfare.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
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Author: Kuo-Feng Kao
Publisher:
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Category :
Languages : en
Pages : 0
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This paper analyzes a multinational firm's foreign direct investment decision, through either greenfield investment or cross-border merger and acquisition, into a host country with an input monopoly that adopts either uniform pricing or discriminatory pricing. The optimal foreign entry mode could differ under each pricing policy. Under Cournot competition, firms' technological gap and the initial local market structure are critical to the choice of foreign entry mode, whereas product substitutability is important under Bertrand competition. In the presence of foreign entry, this paper also examines the welfare effects of input price discrimination for the host country.
Author: Jiarui Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages : 256
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Author: Lidia Levandovskaya
Publisher:
ISBN:
Category :
Languages : en
Pages : 134
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Author: Yen-Chen Wu
Publisher:
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Category :
Languages : en
Pages : 0
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This study analyzes the macroeconomic impacts of subsidies to attract multinational corporations when firms are determining whether to enter or how to serve foreign markets. We show that a small FDI subsidy scheme induces consumption gains and delivers short-term welfare improvement for the FDI host country if firms differ in productivity. However, the subsidy generates a new problem and results in the wealth reallocation effect, leading to welfare deterioration for the host country in the long run. Moreover, we find that a subsidy program induces a welfare improvement for the host country if it is offered to all domestic producers instead of foreign producers only in the host country.
Author: Magnus Blomström
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: Ari Kokko
Publisher: Coronet Books
ISBN: 9789172583429
Category : Industrial efficiency
Languages : en
Pages : 214
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