We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the...

We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the...

Globalization has affected the integration of markets through many different channels, including movements of factors and trade in...

Whereas many empirical studies show that the internationalization of production is driven by falling distance costs, theoretical...

The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper lists some...

Globalization seems to have diminished the importance of geographical distance. However, empirical studies find that distance...

National and multinational companies coexist in many sectors of all developed countries. However, economic models fail to reproduce...

Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing...

This paper brings forward a three-country model to analyze the internationalization process in the age of globalization. It is shown...

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A...