Intra-firm trade and contract completeness: Evidence from Japanese foreign-affiliated firms

研究成果: Chapter

抄録

The issue on growth and its variations of the intra-firm trade of intermediate inputs are of great interest in international economics. Recently, many economists have stepped forward to explain this issue. However, traditional trade theory cannot explain the choice between intra-firm trade with vertical integration and international outsourcing. Thus, researchers are motivated to incorporate the concepts from industrial organization and contract theory to explain the organizational structure of firms. Using micro data at the affiliate-firm level, this chapter examines the determinants of intra-firm trade by shedding light not only on factor prices and trade costs but also on organizational structure in terms of the ownership of overseas plants and the control over intermediate inputs for further processing. Since organizational structure and intra-firm trade are jointly determined, we adopt instrumental variable (IV) regressions into our analysis and treat the choice of purchasing managers as an endogenous variable. The results suggest that the control over input decisions critically affects the intra-firm trade of intermediate inputs.

本文言語English
ホスト出版物のタイトルInternationalization of Japanese Firms
ホスト出版物のサブタイトルEvidence from Firm-level Data
出版社Springer Japan
ページ151-169
ページ数19
9784431545323
ISBN(電子版)9784431545323
ISBN(印刷版)443154531X, 9784431545316
DOI
出版ステータスPublished - 2014 12 1

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)
  • ビジネス、管理および会計(全般)

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