International Macroeconomics Dynamics, Endogenous Tradability And Foreign Direct Investment With Heterogeneous Firms

Topics:
Foreign Direct Investment
Tags:
Currency & Foreign Exchange,
Finance,
Foreign Direct Investment,
Foreign Direct Investment (FDI),
Investment,
John Hopkins University
Source:
John Hopkins University

FREE Registration is required

Overview: The author studies the aggregate implications of the entry of MultiNational Firms (MNFs) in a two country Dynamic Stochastic General Equilibrium model in which firms have heterogenous productivity in the sense of Melitz (2003). Unlike the extant open economy macroeconomics literature, this model endogenizes both Foreign Direct Investment and exports as possible strategies of inter-nationalization of production, a feature that substantially improves the match between model-simulated moments and business cycle data along two dimensions.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 609KB | Date: Nov 2006 | Pages: 50


advertisement
  • Click Here
  • Click Here
  • Click Here

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).