Optimal integration strategies for the multinational firm

• 成果类型: Article
• 署名作者: Grossman, Gene M.; Helpman, Elhanan; Szeidl, Adam
• 署名单位: Princeton University; Harvard University; University of California System; University of California Berkeley
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2005.07.011
• 发表日期: 2006
• 页码: 216-238
• 关键词: direct foreign investment; Multinational corporations; Intra-firm trade; vertical integration

摘要

We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm must provide headquarter services from its home country, but can produce its intermediate inputs and conduct assembly operations in one or more of three locations. We study the equilibrium choices of firms that differ in productivity levels, focusing on the role that industry characteristics such as the fixed costs of foreign subsidiaries, the cost of transporting intermediate and final goods, and the regional composition of the consumer market play in determining the optimal integration strategies. (c) 2005 Elsevier B.V. All rights reserved.