WorldCat Identities

Markusen, James R. 1948-

Works: 159 works in 877 publications in 2 languages and 7,143 library holdings
Roles: Author, Other, Honoree, Editor
Classifications: HF1379, 338.88
Publication Timeline
Most widely held works by James R Markusen
Multinational firms and the theory of international trade by James R Markusen( Book )

40 editions published between 1996 and 2004 in English and Undetermined and held by 595 WorldCat member libraries worldwide

Markusen begins with the simplest possible partial equilibrium models and works systematically towards a full-fledged general equilibrium model with both horizontal and vertical foreign direct investment. He offers empirical tests of hypotheses derived from the theoretical models. The notation is unified throughout, distinctions between models are explained with thoroughly explained derivations, and numerous graphs support the analysis
The theory of international trade by James R Markusen( Book )

11 editions published between 1988 and 1989 in English and Undetermined and held by 240 WorldCat member libraries worldwide

Speculation and monopoly in urban development : analytical foundations with evidence for Toronto by James R Markusen( Book )

10 editions published in 1977 in English and held by 207 WorldCat member libraries worldwide

The theory of international trade and its Canadian applications by James R Markusen( Book )

5 editions published in 1984 in English and held by 126 WorldCat member libraries worldwide

Productivity, competitiveness, trade performance and real income : the nexus among four concepts by James R Markusen( Book )

9 editions published in 1992 in English and held by 122 WorldCat member libraries worldwide

Discrete plant-location decisions in an applied general-equilibrium model of trade liberalization by James R Markusen( Book )

28 editions published between 1991 and 1994 in English and Undetermined and held by 113 WorldCat member libraries worldwide

Abstract: A theoretical model is developed and applied to the North American auto industry, motivated by the possibility of US-Mexico free trade. Special features of the model include (1) significant scale economies at the plant level, (2) imperfect competition among firms, (3) joint ownership of plants and production coordination across plants by each firm, (4) an (initial) ability of firms to segment markets, (5) a separate treatment of non-resident firms in determining oligopolistic markups. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are essentially zero following North American free trade if firms can continue to segment markets: (B) Because of the way that the North American multinationals determine markups, increased imports from Mexico do not result in a rationalization of US and Canadian production in the way it should if firms were strictly national. (C) Genuinely free trade for consumers (integrated markets) results in large gains for Mexico as the Mexican industry is forced to rationalize, while losses to the US and Canada are very small
Learning on the quick and cheap : gains from trade through imported expertise by James R Markusen( Book )

20 editions published between 2004 and 2005 in English and held by 99 WorldCat member libraries worldwide

Gains from productivity and knowledge transmission arising from the presence of foreign firms has received a good deal of empirical attention, but micro-foundations for this mechanism are weak . Here we focus on production by foreign experts who may train domestic unskilled workers who work with them. Gains from training can in turn be decomposed into two types: (a) obtaining knowledge and skills at a lower cost than if they are self-taught at home, (b) producing domestic skilled workers earlier in time than if they the domestic economy had to rediscover the relevant knowledge through reinventing the wheel'. We develop a three-period model in which the economy initially has no skilled workers. Workers can withdraw from the labor force for two periods of self study and then produce as skilled workers in the third period. Alternatively, foreign experts can be hired in period 1 and domestic unskilled labor working with the experts become skilled in the second period. We analyze how production, training, and welfare depend on two important parameters: the cost of foreign experts and the learning (or absorptive') capacity of the domestic economy
Understanding the home market effect and the gravity equation : the role of differentiating goods by Robert C Feenstra( Book )

17 editions published in 1998 in English and held by 99 WorldCat member libraries worldwide

This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show that the gravity equation can also be derived from a reciprocal dumping' model of trade in homogeneous goods. The different theories have different testable implications. Theoretically, the gravity equation should have a lower domestic income elasticity for exports of homogeneous goods than of differentiated goods, because of a home market' effect which depends on barriers to entry. We quantify the home market effect empirically using cross-sectional gravity equations, and find that domestic income export elasticities are indeed substantially higher for differentiated goods than for homogeneous goods
Foreign direct investment in services and the domestic market for expertise by James R Markusen( Book )

23 editions published between 1999 and 2000 in English and held by 88 WorldCat member libraries worldwide

How important to welfare and growth in developing countries are restraints on foreign providers of producer services? Limiting such services not only may limit growth but may hurt some of the very people - domestic skilled workers in such service sectors - those restraints are designed to protect
Liberalization and incentives for labor migration : theory with applications to NAFTA by James R Markusen( Book )

21 editions published in 1997 in English and held by 84 WorldCat member libraries worldwide

One of the motivations for NAFTA from the US point of view was to reduce the" incentives for Mexican migration into the US. Unskilled rural males are a primary source of" illegal immigration and also Mexico's relatively abundant factor. This group should therefore" be made better off by trade and investment liberalization according to the traditional" Heckscher-Ohlin model. Existing evidence, along with best guesses of many experts in the" area, suggest that NAFTA is unlikely to have a significant positive impact on this group least not within the time frame of several decades. We draw on a number of recent theoretical" contributions in order to offer reasons why NAFTA may not raise the wages of unskilled" Mexican workers
Costly pollution abatement, competitiveness, and plant location decisions by James R Markusen( Book )

15 editions published between 1995 and 1996 in English and German and held by 78 WorldCat member libraries worldwide

This quote contains two separate policy suggestions: (1) Trade barriers insulate production and welfare from any adverse responses to costly environmental restrictions. (2) Banning multinationals would insulate production and welfare from any adverse effects of costly environmental restrictions. This paper adapts an oligopoly model, in which multinationals (multi-plant firms) can arise endogenously, to examine this position. This paper finds that: (1) Trade barriers insulate production but not welfare from adverse effects of costly environmental restrictions. (2) Banning multinationals does not insulate production and welfare from any adverse effects of these restrictions or regulations. On the contrary, multinationals appear to smooth production effects, but this is because multinationals arise in equilibrium when trade costs are high. In addition, the paper finds that the form taken by cost increases is crucial: restrictions that fall on fixed costs (e.g., more efficient burners and motors) have much smaller effects on production and welfare than restrictions that fall on marginal costs (e.g., cleaner fuels)
Estimating the knowledge-capital model of the multinational enterprise by David L Carr( Book )

16 editions published in 1998 in English and held by 78 WorldCat member libraries worldwide

Abstract: What we term the firm includes three principal assumptions. First, services of knowledge-based and knowledge-generating activities, such as R & D, can be geographically separated from production and supplied to production facilities at low cost. Second, these knowledge-intensive activities are skilled-labor intensive relative to production. These characteristics give rise to vertical multinationals, which fragment production and locate activities according to factor prices and market size. Third, knowledge-based services have a (partial) joint-input characteristic that they can be supplied to additional production facilities at low cost. This characteristic gives rise to horizontal multinationals, which produce the same goods or services in multiple locations. In this paper, we note how this model predicts relationships between affiliate sales and country characteristics. We then subject these predictions to empirical tests
Trade versus investment liberalization by James R Markusen( Book )

15 editions published in 1997 in English and held by 77 WorldCat member libraries worldwide

Despite several theoretical contributions and considerable informal empirical evidence" to the contrary, a notion that trade and investment are substitutes persists in trade policy" analysis. This paper considers the liberalization of commodity trade versus liberalization" allowing direct investment versus the two together. For a relatively skilled-labor-scarce" economy, I show that trade and investment liberalization are quite different together are in a sense complements. The intuition may be that direct investment provides such" a country with crucial inputs (knowledge-intensive producer services) without which the" country cannot effectively exploit its abundant factors in certain industries."
Contracts, intellectual property rights, and multinational investment in developing countries by James R Markusen( Book )

14 editions published between 1997 and 1998 in English and held by 73 WorldCat member libraries worldwide

The institution and enforcement of property rights and contracts have been an important policy issue for the developing countries, the transition economies, and the developed countries in the 1990s. This has led to the development of a literature on technology transfer and how property rights might affect such transfers and host-country welfare. Much of this literature is non-strategic, with large numbers of northern' innovative firms and southern' imitators, and focusses on endogenous R&D and imitation levels. This paper takes a different and complementary approach, developing a strategic model in which local managers learn the multinational's technology and can defect to start a rival firm. If contract enforcement leads the MNE to shift from exporting to producing inside the host country, both the host country and the MNE are better off. If the MNE had established a subsidiary prior to the establishment of enforcement, the host country is indifferent or worse off by enforcement. In the latter case, rents are transferred from the local manager to the MNE
Foreign direct investment as a catalyst for industrial development by James R Markusen( Book )

12 editions published in 1997 in English and held by 71 WorldCat member libraries worldwide

How does an FDI project affect local firms in the same industry? Competition in the" product and factor markets tends to reduce profits of local firms, but linkage effects to supplier" industries may reduce input costs and raise profits. This paper develops an analytical framework" to assess these effects. Circumstances in which FDI is complementary to local industry are" established, and it is shown how FDI may lead to the establishment of local industrial sectors." These sectors may grow to the point where local production overtakes and forces out FDI plants." Our results are consistent with the experience of a number of industrial sectors in the NICs."
A unified treatment of horizontal direct investment, vertical direct investment, and the pattern of trade in goods and services by James R Markusen( Book )

17 editions published in 1996 in English and held by 71 WorldCat member libraries worldwide

Abstract: This paper contributes to research endogenizing multinational firms in general-equilibrium trade models. We attempt to integrate separate contributions on horizontal multinationals which produce the same final product in multiple locations, with work on vertical multinationals, which geographically fragment production by stages. Previously derived results now emerge as special cases of a more general model. Vertical multinationals dominate when countries are very different in relative factor endowments. Horizontal multinationals dominate when the countries are similar in size and in relative endowments, and trade costs are moderate to high. In some cases, foreign investment or trade liberalization leads to a reversal in the direction of trade. Investment liberalization can also lead to an increase in the volume of trade and produces a strong tendency toward factor-price equalization. Thus direct investment can be a complement to trade in both a volume-of-trade sense and in a welfare sense
Export-platform foreign direct investment by Karolina Ekholm( Book )

19 editions published between 2002 and 2003 in English and held by 66 WorldCat member libraries worldwide

Export-platform foreign direct investment in which the affiliate's output is (largely) sold in third markets rather than in the parent or host markets has received empirical attention recently, but little theoretical analysis. This paper is an attempt to make some sense of this phenomenon. We use a three-region model in which there are two identical, large, high-cost economies and a small low-cost economy. Pure export-platform production arises in a symmetric case, when a firm in each of the high-cost economies has a plant at home, and a plant in the low-cost country (the South) to serve the other high-cost country. This occurs when trade costs for intermediates (components) and plant-fixed costs are moderate and the South has a moderate cost advantage in assembly. Another interesting and empirically important case arises when there is trade liberalization between one of the high-cost countries and the small, low-cost country. The outside high-cost country may wish to build a branch plant inside the free trade area due to market size, but chooses the low-cost country on the basis of cost. Or a firm headquartered in the large country inside the free-trade area might build a single plant in its low-wage partner in order to serve their joint free-trade area and to export to the outside high-cost country
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Multinational firms and the theory of international trade
Alternative Names
Markusen, J.

Markusen, J. R.

Markusen, J. R. 1948-

Markusen, J. R. (James R.), 1948-

Markusen, James

Markusen, James 1948-

Markusen, James R.

Markusen, James Roell 1948-

Roell Markusen, James 1948-

マークセン, J. R

English (288)

German (1)