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handle: 10197/1319 , 10419/72365
This paper extends the theory of multinational corporations, identifying three distinct influences of internal trade liberalization by a group of countries on the level and pattern of inward foreign direct investment (FDI). First, the tariff jumping motive encourages plant consolidation. Second, the export platform motive favours FDI with only a single union plant relative to exporting, and may induce a firm which has never exported to invest. Finally, reduced internal tariffs increase competition from domestic firms, which dilutes the other motives and may induce a ‘Fortress Europe’ outcome of multinationals leaving union markets even though external tariffs are unchanged.
Economics, multinational corporations, Investments, Foreign, market integration, Multinational corporations, F12, Investments, Außenhandelsliberalisierung, ddc:330, F15, Wirtschaftsunion, Direktinvestition, Foreign, International business enterprises, Free trade, Foreign direct investment; Market integration; Multinational corporations; Single Market; International business enterprises; Free trade; Investments, Foreign, EU-Staaten, Market integration, F23, Foreign direct investment; market integration; multinational corporations; single market, Foreign direct investment, Single Market, foreign direct investment; market integration; multinational corporations; single market, Theorie, jel: jel:F23, jel: jel:F12, jel: jel:F15
Economics, multinational corporations, Investments, Foreign, market integration, Multinational corporations, F12, Investments, Außenhandelsliberalisierung, ddc:330, F15, Wirtschaftsunion, Direktinvestition, Foreign, International business enterprises, Free trade, Foreign direct investment; Market integration; Multinational corporations; Single Market; International business enterprises; Free trade; Investments, Foreign, EU-Staaten, Market integration, F23, Foreign direct investment; market integration; multinational corporations; single market, Foreign direct investment, Single Market, foreign direct investment; market integration; multinational corporations; single market, Theorie, jel: jel:F23, jel: jel:F12, jel: jel:F15
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 83 | |
popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |