Trade, Multinational Production, and the Gains from Openness

This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: Trade and MP are competing ways to serve a foreign market; MP relies on imports of intermediate goods from

本文量化了由贸易与跨国生产（MP）所引致的开放收益。我们构建了一个模型，用以刻画这两种流动之间互动的核心维度：贸易与跨国生产是服务海外市场的两种竞争性路径；跨国生产依赖于从中进口中间商品。