The surprisingly swift decline of US manufacturing employment
This paper links the sharp drop in US manufacturing employment after 2000 to a change in
US trade policy that eliminated potential tariff increases on Chinese imports. Industries more …
US trade policy that eliminated potential tariff increases on Chinese imports. Industries more …
Export versus FDI with heterogeneous firms
Multinational sales have grown at high rates over the last two decades, outpacing the
remarkable expansion of trade in manufactures. Consequently, the trade literature has …
remarkable expansion of trade in manufactures. Consequently, the trade literature has …
Foreign direct investment, inequality, and growth
P Basu, A Guariglia - Journal of Macroeconomics, 2007 - Elsevier
This paper examines the interactions between Foreign Direct Investment (FDI), inequality,
and growth, both from an empirical and a theoretical point of view. Using a panel of 119 …
and growth, both from an empirical and a theoretical point of view. Using a panel of 119 …
The internationalization process of firms: From exports to FDI
We examine how uncertainty affects firms' internationalization choices. We begin by
unveiling a new empirical regularity: using a unique dataset that allows us to study the …
unveiling a new empirical regularity: using a unique dataset that allows us to study the …
Trade policy uncertainty and innovation: Firm level evidence from China's WTO accession
This study proposes a novel channel through which trade liberalization may induce
innovation through the reduction of trade policy uncertainties (TPU) in destination markets …
innovation through the reduction of trade policy uncertainties (TPU) in destination markets …
Occasional and perennial exporters
We document several new features of firms' export entry and exit behaviors: i) one-third of
exporting firms enter into and exit from exporting multiple times; ii) most continuing exporters …
exporting firms enter into and exit from exporting multiple times; ii) most continuing exporters …
The margins of multinational production and the role of intrafirm trade
A Irarrazabal, A Moxnes… - Journal of Political …, 2013 - journals.uchicago.edu
Multinational production (MP) can lead to large gains through international technology
sharing. However, empirical evidence suggests that geography matters for MP: Affiliate …
sharing. However, empirical evidence suggests that geography matters for MP: Affiliate …
Risk, returns, and multinational production
This article starts by unveiling a strong empirical regularity: multinational corporations exhibit
higher stock market returns and earning yields than nonmultinational firms. Within …
higher stock market returns and earning yields than nonmultinational firms. Within …
Investment responses to trade liberalization: Evidence from US industries and establishments
We examine the impact of trade liberalization on domestic investment in the US
manufacturing sector. Using a difference-in-differences identification strategy, we find that …
manufacturing sector. Using a difference-in-differences identification strategy, we find that …
The economic policy uncertainty and the choice of entry mode of outward foreign direct investment: Cross-border M&A or Greenfield Investment
K Zhou, S Kumar, L Yu, X Jiang - Journal of Asian Economics, 2021 - Elsevier
The paper investigates the impact of economic policy uncertainty on the choice of entry
mode of enterprises' Outward Foreign Direct Investment (OFDI). Based on a framework of …
mode of enterprises' Outward Foreign Direct Investment (OFDI). Based on a framework of …