Citation

Discussion Paper Details

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Full Details

Title: The Theory of the Firm goes Global

Author(s): Dalia Marin

Publication Date: March 2012

Keyword(s): corporate organisation across countries, empirical test of the theory of the firm and international trade with endogenous organisation

Programme Area(s): Industrial Organization and International Trade and Regional Economics

Abstract: What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to flatter corporate hierarchies and the decentralization of authority in firms, the "war for talent", the rise of CEO pay in rich countries, organizational convergence across countries, and firm heterogeneity.

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Bibliographic Reference

Marin, D. 2012. 'The Theory of the Firm goes Global'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8880