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Multinational Firms and the Factor Intensity of Trade

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  • Robert E. Lipsey
  • Merle Yahr Weiss

Abstract

In studying the impact of direct investment on the amount, direction, and composition of international trade we have found that the multinational firm fits uncomfortably into the usual theory of trade and capital movements. We attempt here to introduce the fact of the existence of multinational firms into the explanation of trade flows and particularly into the long-running debate over the relations among factor abundance, factor prices and trade.

Suggested Citation

  • Robert E. Lipsey & Merle Yahr Weiss, 1973. "Multinational Firms and the Factor Intensity of Trade," NBER Working Papers 0008, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0008
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    References listed on IDEAS

    as
    1. Caves, Richard E, 1971. "International Corporations: The Industrial Economics of Foreign Investment," Economica, London School of Economics and Political Science, vol. 38(149), pages 1-27, February.
    2. Hal B. Lary, 1968. "Imports of Manufactures from Less Developed Countries," NBER Books, National Bureau of Economic Research, Inc, number lary68-1, July.
    3. Peter B. Kenen, 1965. "Nature, Capital, and Trade," Journal of Political Economy, University of Chicago Press, vol. 73(5), pages 437-437.
    4. Irving B. Kravis, 1956. ""Availability" and Other Influences on the Commodity Composition of Trade," Journal of Political Economy, University of Chicago Press, vol. 64(2), pages 143-143.
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    Cited by:

    1. Gregory Schmid & Owen Phillips, 1980. "Textile trade and the pattern of economic growth," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(2), pages 294-306, June.

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