Symposium on organization, heterogeneity and trade

Giovanni Facchini and Thierry Verdier

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Abstract: The growing importance of multinational corporations in world trade has been widely documented in the empirical literature. UNCTAD (2002), for instance, finds that the sales of foreign affiliates of multinational corporations have increased much faster than exports of goods and non-factor services. Trade in intermediate inputs has also expanded substantially and FDI in the service sector has grown at an unprecedented pace.

Date: 2009-03
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Published in Economic Theory, 2009, 38 (3), pp.433-436. ⟨10.1007/s00199-008-0330-3⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754390

DOI: 10.1007/s00199-008-0330-3

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