Cross-border Vertical Integration and Intra-firm Trade: New Evidence from Korean and Japanese Firm-level Data*
Cross-border Vertical Integration and Intra-firm Trade: New Evidence from Korean and Japanese Firm-level Data*
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DOI:
10.1162/asep_a_00526
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发表时间:
2017-05
影响因子:
9.7
通讯作者:
Hyunbae Chun;Jung Hur;Young Gak Kim;H. Kwon
中科院分区:
文献类型:
--
作者:
Hyunbae Chun;Jung Hur;Young Gak Kim;H. Kwon
This paper establishes two facts about cross-border vertical integration and intra-firm trade of firms in Korean and Japanese manufacturing industries. First, the intra-firm trade between a parent firm and its affiliates is highly concentrated in a small number of large multinational corporations. Second, the input–output coefficient between the parent firm's industry and the affiliate's industry is weakly related to the presence and magnitude of intra-firm trade between the parent firm and its affiliates. Furthermore, these two characteristics are also found in domestic vertically integrated firms. In particular, the second point identifies a need for further research on the motivation of cross-border vertical integration between two manufacturers, the final good producers at home and the input suppliers abroad.