Multinational firms, location and trade
Article Abstract:
A study was conducted to analyze frameworks on the relationships among the theories of multinational firms, location and trade. Studies that attempted to integrate multinational companies into general-equilibrium trade models were also examined. Results correlated multinational companies with various types of knowledge-based capital such as employees, patents, blueprints, and work procedures. Findings also showed that multinational activities abound in high-income developed nations.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1998
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Trade and competition: an industrial economist's perspective
Article Abstract:
There are theoretical and empirical evidence that free trade enhances competition and the market performance of imperfectly competitive international markets. It also ameliorates general welfare and the welfare of the particular trading nations. The benefits are due to the fact that greater numbers of competitors lessens equilibrium economic profits, reduces the incidence of collusion and encourages the use of productive resources.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 1999
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