Globalization and endogenous firm scope
by Volker Nocke
"We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms have lower values of Tobin's Q than small firms. Second, it explains the globalization-skewness puzzle documented in the empirical part of our paper: a multilateral reduction in trade costs leads to a flattening of the size distribution of firms. In our model, globalization not only affects the distribution of observed productivities but also productivity at the firm level"--National Bureau of Economic Research web site.
Buy this book
Subjects
| Edition | Availability |
|---|---|
1
Globalization and endogenous firm scope
2006, National Bureau of Economic Research
electronic resource /
in English
|
aaaa
|
|
2
|
zzzz
|
Book Details
Edition Notes
Title from PDF file as viewed on 6/29/2006.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
Classifications
The Physical Object
Edition Identifiers
Work Identifiers
Source records
Community Reviews (0)
Lists