Arbeitspapier
The Structure of Multinational Firms' International Activities
The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate activities across borders, and vertical investments which fragment activities across countries. In addition, we use data (primarily from the US) to examine which of these structures seems to dominate the data. This includes a novel use of measures of global value-chain positioning of a country's industries. In each case, the data suggests a dominant role for horizontal investment. We conclude with a discussion of the challenge that intangibles play in multinational data and point towards potentially fertile areas for future research.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 8150
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
- Thema
-
horizontal multinationals
vertical multinationals
replication
fragmentation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Davies, Ronald B.
Markusen, James R.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Davies, Ronald B.
- Markusen, James R.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2020