Intra-industry foreign direct investment:
We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich coun...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13447 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to their parent firms) is larger than commonly thought, even within developed countries. More than half of all vertical subsidiaries are only observable at the four-digit level because the inputs they are supplying are so proximate to their parent firms' final good that they appear identical at the two-digit level. We call these proximate subsidiaries 'intra-industry' vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible at the two-digit level. These subsidiaries are not readily explained by the comparative advantage considerations in traditional models, where firms locate their low skill production stages abroad in low skill countries to take advantage of factor cost differences. We find that overwhelmingly, multinationals tend to own the stages of production proximate to their final production giving rise to a class of high-skill intra-industry vertical FDI. |
| Beschreibung: | Literaturverz. S. 23 - 25 |
| Beschreibung: | 25, [6] S. graph. Darst. 22 cm |
Internformat
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13447 | |
| 500 | |a Literaturverz. S. 23 - 25 | ||
| 520 | |a We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to their parent firms) is larger than commonly thought, even within developed countries. More than half of all vertical subsidiaries are only observable at the four-digit level because the inputs they are supplying are so proximate to their parent firms' final good that they appear identical at the two-digit level. We call these proximate subsidiaries 'intra-industry' vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible at the two-digit level. These subsidiaries are not readily explained by the comparative advantage considerations in traditional models, where firms locate their low skill production stages abroad in low skill countries to take advantage of factor cost differences. We find that overwhelmingly, multinationals tend to own the stages of production proximate to their final production giving rise to a class of high-skill intra-industry vertical FDI. | ||
| 700 | 1 | |a Charlton, Andrew |d 1978- |e Verfasser |0 (DE-588)132810123 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
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Datensatz im Suchindex
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| id | DE-604.BV023593348 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908678 |
| oclc_num | 254602131 |
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| physical | 25, [6] S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Alfaro, Laura Verfasser (DE-588)131449060 aut Intra-industry foreign direct investment Laura Alfaro ; Andrew Charlton Cambridge, Mass. National Bureau of Economic Research 2007 25, [6] S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13447 Literaturverz. S. 23 - 25 We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to their parent firms) is larger than commonly thought, even within developed countries. More than half of all vertical subsidiaries are only observable at the four-digit level because the inputs they are supplying are so proximate to their parent firms' final good that they appear identical at the two-digit level. We call these proximate subsidiaries 'intra-industry' vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible at the two-digit level. These subsidiaries are not readily explained by the comparative advantage considerations in traditional models, where firms locate their low skill production stages abroad in low skill countries to take advantage of factor cost differences. We find that overwhelmingly, multinationals tend to own the stages of production proximate to their final production giving rise to a class of high-skill intra-industry vertical FDI. Charlton, Andrew 1978- Verfasser (DE-588)132810123 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13447 (DE-604)BV002801238 13447 http://papers.nber.org/papers/w13447.pdf kostenfrei Volltext |
| spellingShingle | Alfaro, Laura Charlton, Andrew 1978- Intra-industry foreign direct investment |
| title | Intra-industry foreign direct investment |
| title_auth | Intra-industry foreign direct investment |
| title_exact_search | Intra-industry foreign direct investment |
| title_exact_search_txtP | Intra-industry foreign direct investment |
| title_full | Intra-industry foreign direct investment Laura Alfaro ; Andrew Charlton |
| title_fullStr | Intra-industry foreign direct investment Laura Alfaro ; Andrew Charlton |
| title_full_unstemmed | Intra-industry foreign direct investment Laura Alfaro ; Andrew Charlton |
| title_short | Intra-industry foreign direct investment |
| title_sort | intra industry foreign direct investment |
| url | http://papers.nber.org/papers/w13447.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT alfarolaura intraindustryforeigndirectinvestment AT charltonandrew intraindustryforeigndirectinvestment |