Skip to main content
padlock icon - secure page this page is secure


Buy Article:

$53.00 + tax (Refund Policy)

This article conducts an analysis of the relative efficiency of integrated and non-integrated ownership structures in the presence of trade in intermediate inputs. It is shown that vertical multinationals (integrated ownership) are more efficient when the two vertically related firms are asymmetric in their production costs, R&D, and reservation prices. In the presence of symmetric parametric conditions, non-integration (with inter-firm trade) is more efficient. Empirical analysis of cross-industry variations in the relative importance of intra-firm exports, using data from the Bureau of Economic Analysis for U.S. FDI abroad, confirms the theoretical predictions of the model.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: June 1, 2003

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more