In search of substitution between foreign production and exports

• 成果类型: Article
• 署名作者: Blonigen, BA
• 署名单位: University of Oregon
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(00)00066-0
• 发表日期: 2001
• 页码: 81-104
• 关键词: trade; Multinational corporations; Foreign direct investment

摘要

Are foreign production and exports substitutes or complements? Standard theory of the multinational corporation (MNC) assumes substitution, while previous empirical work examining the relationship has generally found strong evidence of complementarity. This study examines product-level data, which more closely fits the assumption of a single-product firm often used in MNC theory, and finds substantial evidence for both a substitution and a complementarity effect between affiliate production and exports with Japanese automobile parts for the US market. I also test for and find evidence of substitution using product-level data on a set of Japanese-produced final consumer goods. (C) 2001 Elsevier Science BN. All rights reserved.