The economic analysis of multinationals and foreign direct investment: a review

María Latorre ()

Hacienda Pública Española / Review of Public Economics, 2009, vol. 191, issue 4, 97-126

Abstract: This article provides an up-to-date, comprehensive synthesis and evaluation of the existing literatura on multinational firms and foreign direct investment. Unlike most previous reviews it combines severalinsights showing their inconsistencies and complementarities. Through a chronological description it presents the main strands since the earliest perfect competition studies from the 1960s till some new recent contributions such as the knowledge-capital model, heterogeneous firms models, and internalisation issues. The paper also offers a new perspective, by reviewing the available computable general equilibrium models that include multinationals and foreign direct investment.

Keywords: Multinational enterprises; Foreign direct investment; Computable general equilibrium models. (search for similar items in EconPapers)
JEL-codes: C68 F21 F23 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (27)

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