Modelowanie przedsiębiorstwa międzynarodowego
Modelling multinational firms

Author(s): Andrzej Cieślik
Subject(s): Economy
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: multinational firm
Summary/Abstract: Neoclassical economics, a dominant framework until the 1970s and 1980s, treated activities of the multinational firms as a part of portfolio theories of international capital flows. The analysis of various kinds of imperfect competition or firm heterogeneity was impossible until the elements of the theory of industrial organization were introduced into the international trade theory. This modification allowed direct inclusion of two basic motivations for establishing multinational firms, horizontal and vertical ones, in the analysis. In this chapter, we present the basic theoretical models that incorporate those two trends (Helpman-Krugman-Markusen models) as well as the imperfect attempts at their integration (the knowledge-capital model) and the most important examples of empirical studies aimed at the verification of their theoretical claims.

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