The theory of endowment, intra-industry and multi-national trade
نویسندگان
چکیده
We consider a trade model combining 2x2x2 Heckscher-Ohlin structure, monopolistic competition, transport costs, and multinational corporations. demonstrate how the mix of national firms that operate in equilibrium depends on technology division world endowment between countries. Multinationals are more likely to exist similar countries both relative absolute endowments. Where multinationals they reduce volume raise welfare (although not necessarily countries). They also agglomeration forces arise when international factor mobility is allowed.
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ژورنال
عنوان ژورنال: World Scientific Studies in International Economics
سال: 2021
ISSN: ['1793-3641']
DOI: https://doi.org/10.1142/9789811222962_0004