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Multinational firms and the theory of international trade

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Despite the great importance of multinational firms in international economics, theoretical and empirical research on these firms has generally been conducted separately from that on international trade. In this book, James Markusen provides a comprehensive integration of the two fields. Drawing on twenty years of research, he focuses on the interaction of scale economies, trade costs, factor endowments, and imperfect competition. He analyzes decisions about whether to build or acquire a foreign plant separately from decisions about where to raise the financing.Markusen begins with the simplest possible partial equilibrium models and works systematically toward a full-fledged general equilibrium model with both horizontal and vertical foreign direct investment. He offers empirical tests of hypotheses derived from the theoretical models. The notation is unified throughout, distinctions between models are explained with thoroughly explained derivations, and numerous graphs support the analysis.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge, Mass. : : MIT Press,., 2002.

Collation

1 online resource (xxii, 440 pages) :illustrations

Language

English

ISBN/ISSN

9780262279154

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

International trade.
International business enterprises

Specific Detail Info

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Statement of Responsibility

James R. Markusen.

Other Information

Cataloger

Kholif Basri

Source

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Validator

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/4797.001.0001

Journal Volume

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Journal Issue

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Subtitle

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