Results

CEP discussion paper

Trade within multinational boundaries

Traditional theories of firm boundaries predict trade between vertically related units of the same firm. Using novel data that combine a comprehensive mapping of U.S. multinationals' production networks with their custom...Read more...

Journal article

Journal of the European Economic Association:

Come together: firm boundaries and delegation

We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for thousands of firms around the world. In...Read more...

CEP discussion paper

Omnia Juncta in Uno*: foreign powers and trademark protection in Shanghai's concession era

We examine how trademark protection - a prevalent but underexplored intellectual property right - affects international firms and market outcomes in an emerging economy. Exploiting the unexpected introduction of China's ...Read more...

CEP discussion paper

Come together: firm boundaries and delegation

We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for thousands of firms around the world. In...Read more...

CEP discussion paper

Internalizing global value chains: a firm-level analysis

In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages...Read more...

CEP discussion paper

Growth and the Quality of Foreign Direct Investment: Is All FDI Equal?

In this paper we distinguish different ?qualities? of FDI to re-examine the relationship between FDI and growth. We use `quality? to mean the effect of a unit of FDI on economic growth. However this is difficult to estab...Read more...

CEP discussion paper

Intra-Industry Foreign Direct Investment

We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries?close to a comprehensive picture of global multinational activity. A number of patterns emerge...Read more...

CEP discussion paper

International Financial Integration and Entrepreneurship

We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 20...Read more...