The Evolving Patterns of Global Production of Multi-Product Firms
2012/06/19
研討會日期 : 2012-06-19
時間 : 14:30
主講人 : Professor Zhihao Yu
地點 : Conference Room C103
演講者簡介 : Zhihao Yu received his Ph.D. in Economics from University of British Columbia in 1999. He is currently serving as Professor of Economics at Carleton University. His research field is in international trade, international business, political economy of government policy, trade and the environment, and Chinese economic growth.
演講摘要 : In this paper we extend Antràs and Helpman's (2004) framework to investigate the decisions made by multi-product firms regarding different organizational forms for different products in international trade. We show that those decisions depend on the "quality/cost" ratio of each product. The model is able to examine not only the different organizational forms of heterogeneous firms in a particular product market but also the evolution of different patterns of global production. We show that the evolving patterns of inward foreign direct investment (FDI) and outward processing trade observed in China can be explained by the rapid increase in production efficiency relative to the rise in wages. Furthermore, we find that the increase in the technology spillover raises outward processing trade but reduces inward FDI. The increase in labour productivity in manufacturing industries, however, could raise both inward FDI and outsourcing activities. The model also predicts that, as labour productivity increases, outsourcing activities will eventually exhibit an inverse U-shape.
