International Trade and Multinational Activity : Heterogeneity of Firms, Incentives for Foreign Direct Investment, and International Business Cycle Dynamics /
By: Namini, Julian Emami [author.].
Contributor(s): SpringerLink (Online service).
Material type: BookSeries: Lecture Notes in Economics and Mathematical Systems: 573Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.Description: X, 162 p. 37 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783540327196.Subject(s): Economic theory | Macroeconomics | International economics | Economics | International Economics | Economic Theory/Quantitative Economics/Mathematical Methods | Macroeconomics/Monetary Economics//Financial EconomicsDDC classification: 337 Online resources: Click here to access onlineItem type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books | PK Kelkar Library, IIT Kanpur | Available | EBK5697 |
Gains from trade with firm heterogeneity -- The international organization of the firm -- International business cycle dynamics with Heckscher-Ohlin trade -- Conclusions.
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.
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