U.S.-Canada Trade Liberalization and MNC Production Location
U.S.-Canada Trade Liberalization and MNC Production Location
复制标题
美国-加拿大贸易自由化和跨国公司生产地点
DOI：
10.1162/003465301750160090
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发表时间：
2001
影响因子：
8
通讯作者：
M. Keane
中科院分区：
文献类型：
--
作者：
S. Feinberg;M. Keane
使用来自经济分析局的机密企业级面板数据，我们研究了美国跨国公司（MNCs）及其加拿大子公司的双边贸易流量如何对美国- 1983年至1992年加拿大关税削减。我们发现，加拿大子公司对美国的销售额与加拿大关税呈负相关，但美国母公司对加拿大子公司的销售额与加拿大关税几乎没有关联。这些结果与加拿大关税削减将导致加拿大制造业空心化的观点相矛盾。我们还发现，在狭义的制造业内，跨国公司对关税变化的反应存在很大的异质性。总体而言，双边贸易自由化是贸易创造，因为美国跨国公司整合了其北美生产，使加拿大子公司增加了对美国的销售，减少了国内销售。
Using confidential firm-level panel data from the Bureau of Economic Analysis, we examine how the bilateral trade flows of U.S. multinational corporations (MNCs) and their Canadian affiliates responded to U.S.-Canadian tariff reductions from 1983 to 1992. We find that Canadian affiliate sales to the United States are negatively correlated with Canadian tariffs, but U.S. parent sales to Canadian affiliates have little association with Canadian tariffs. These results contradict the notion that Canadian tariff reductions would lead to a hollowing out of Canadian manufacturing. We also find substantial heterogeneity in MNC responses to tariff changes within narrowly defined manufacturing industries. Overall, bilateral trade liberalization is trade-creating, as U.S. MNCs integrated their North American production such that Canadian affiliates increased sales to the United States and reduced domestic sales.