Author: | Markusen, J. |
Title: | Multinational firms, location and trade |
Journal: | World Economy
1998 : AUG, VOL. 21:6, p. 733-756 |
Index terms: | ECONOMIC CONDITIONS TRADE INTERNATIONAL ECONOMIC RELATIONS |
Language: | eng |
Abstract: | The early 1980s saw a major development in international economics in terms of the integration of industrial- organization aspects of international trade into the more formal theory of trade. Prior to the 1980s, there were two rather distinct and even disjoint literatures. The author presents results from a relatively small number of papers which attempt to integrate multinational firms into general-equilibrium trade models, and which attempt to endogenise the location pattern of firms and their decisions to horizontally or vertically integrate across national borders. |
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