Firm heterogeneity and the structure of U.S. multinational activity
Subtitle: an empirical analysis
By: Stephen Yeaple.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14072; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14072.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We use firm-level data for U.S.  multinational enterprises (MNE) and the model of firm heterogeneity first presented in Helpman, Melitz, and Yeaple (2004) to make four empirical contributions.  First, we show that the most productive U.S.  firms invest in a larger number of foreign countries and sell more in each country in which they operate.  Second, we assess the importance of firm heterogeneity in the structure of MNE activity.  Third, we use the model to identify the mechanisms through which country characteristics affect the structure of MNE activity.  Finally, we provide a systematic assessment of the model's shortcomings in order to inform the development of new theory"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/11/2008.

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