Firm heterogeneity and the structure of US multinational activity: an empirical analysis

"We use firm-level data for U.S. multinational enterprises (MNE) and the model of firm heterogeneity first presented in Helpman, Melitz, and Yeaple (2004) to make four empirical contributions. First, we show that the most productive U.S. firms invest in a larger number of foreign countries and...

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Bibliographische Detailangaben
1. Verfasser: Yeaple, Stephen R. (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2008
Schriftenreihe:Working paper series / National Bureau of Economic Research 14072
Online-Zugang:Volltext
Zusammenfassung:"We use firm-level data for U.S. multinational enterprises (MNE) and the model of firm heterogeneity first presented in Helpman, Melitz, and Yeaple (2004) to make four empirical contributions. First, we show that the most productive U.S. firms invest in a larger number of foreign countries and sell more in each country in which they operate. Second, we assess the importance of firm heterogeneity in the structure of MNE activity. Third, we use the model to identify the mechanisms through which country characteristics affect the structure of MNE activity. Finally, we provide a systematic assessment of the model's shortcomings in order to inform the development of new theory"--National Bureau of Economic Research web site
Beschreibung:29 S. graph. Darst. 22 cm

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