TY  - BOOK
AU  - Antràs,Pol
AU  - R.Yeaple,Stephen
ED  - National Bureau of Economic Research.
TI  - Multinational Firms and the Structure of International Trade
T2  - NBER working paper series
PY  - 2013///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - February 2013; Hardcopy version available to institutional subscribers
N2  - This article reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are located? Finally, why do firms own foreign facilities rather than simply contract with local producers or distributors? We organize our exposition of the trade literature on multinational firms around the workhorse monopolistic competition model with constant-elasticity-of-substitution (CES) preferences. On the theoretical side, we review alternative ways to introduce multinational activity into this unifying framework, illustrating some key mechanisms emphasized in the literature. On the empirical side, we discuss the key studies and provide updated empirical results and further robustness tests using new sources of data
UR  - https://www.nber.org/papers/w18775
UR  - http://dx.doi.org/10.3386/w18775
ER  -