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
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

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Davies, Ronald B.
  • Markusen, James R.
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2020

Ähnliche Objekte (12)