The Single European Market, Swedish Investment Liberalisation, and Horizontal and Vertical Multinationals
AbstractThis paper analyses the effects of the Single European Market and Swedish Investment liberalisation on the structure of Swedish multinationals with their EU affiliates. The empirical results suggest that the determinants associated with horizontal and vertical multinationals have become increasingly relevant between 1974 and 1994. Horizontal multinationals are increasingly deterred by large plant-level economies of scale, increasingly associated with large trade costs and relative factor endowment similarities, while vertical multinationals are increasingly associated with relative factor endowment differences. This suggests that integration has increased competitive pressures to increase efficiency in exploiting economies of scale, and specialisation according to comparative advantages.
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Bibliographic InfoPaper provided by The European Institute of Japanese Studies in its series EIJS Working Paper Series with number 147.
Length: 35 pages
Date of creation: 01 May 2002
Date of revision:
Contact details of provider:
Postal: The European Institute of Japanese Studies, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
Web page: http://www.hhs.se/eijs/
More information through EDIRC
Single European Market; Swedish Investment; Liberalisation; Country Size; Factor Endowments; Horizontal & Vertical Multinationals;
Other versions of this item:
- Mathä, Thomas, 2001. "The Single European Market, Swedish Investment Liberalisation, and Horizontal and Vertical Multinationals," Working Paper Series in Economics and Finance 483, Stockholm School of Economics.
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-06-13 (All new papers)
- NEP-FIN-2002-06-13 (Finance)
- NEP-LAB-2002-06-13 (Labour Economics)
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