The Multinationalization of the Transport Sector

Mario Larch

No 05-019/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: According to the World Investment Report 2004, the structure of Fmhas shifted towards services. Further, the composition of services FDI isalso changing from trade and finance to such industries as electricity, water ,telecommunications, storage and transportation. In the latter sector the valueof FDI stock rose 16-fold between 1990 and 2002. Incorporating a transportsector dominated by multinationals and economies of scale in a modelof thenew trade theory leads to different predictions regarding the volume of tradeand income as compared to a model with iceberg transport costs. It alsoopens up a further possibility for specialization.

Keywords: Multinationals; Transport sector; Iceberg transport costs; Economies of Scale (search for similar items in EconPapers)
JEL-codes: F12 F23 (search for similar items in EconPapers)
Date: 2005-02-14
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The multinationalization of the transport sector (2007)
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