The complex integration strategies of multinationals and cross country dependencies in the structure of foreign direct investment

• 成果类型: Article
• 署名作者: Yeaple, SR
• 署名单位: University of Pennsylvania
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(02)00051-X
• 发表日期: 2003
• 页码: 293-314
• 关键词: MULTINATIONALS; Foreign direct investment

摘要

The behavior of many multinational enterprises is not well described by existing models of foreign direct investment (FDI). Firms often follow strategies that involve vertical integration in some countries and horizontal integration in others, a strategy known as complex integration. This paper presents a three-country model that is used to analyze why firms might follow a strategy of complex integration. My analysis reveals that complex integration strategies create complementarities between potential host countries that have important implications for the structure of FDI. The analysis also shows that falling transport cost between countries may increase the importance of complex integration strategies. (C) 2002 Elsevier Science B.V. All rights reserved.