ORGANIZING GLOBAL SUPPLY CHAINS: INPUT-OUTPUT LINKAGES AND VERTICAL INTEGRATION

• 成果类型: Article
• 署名作者: Berlingieri, Giuseppe; Pisch, Frank; Steinwender, Claudia
• 署名单位: ESSEC Business School; University of St Gallen
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvaa039
• 发表日期: 2021
• 页码: 1816-1852
• 关键词: intrafirm trade; financial development; appropriable rents; PROPERTY-RIGHTS; tax havens; CONTRACTS; ORGANIZATION; OWNERSHIP; COSTS; determinants

摘要

We study how the technological importance of inputs-measured by cost shares-is related to the decision to make or buy that input. Using detailed French international trade data and an instrumental variable approach based on self-constructed input-output tables, we show that multinationals vertically integrate technologically important inputs. A stylized incomplete contracting model with both ex-ante and ex-post inefficiencies explains why: Technologically more important inputs are made when transaction cost economics type forces overpower property rights type forces. However, additional results show that both types of forces are needed to explain the full patterns in the data.