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The multinationalization of the transport sector

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  • Larch, Mario

Abstract

According to the World Investment Report 2004, the structure of Fmhas shifted towards services. Further, the composition of services FDI isalso changing from trade and finance to such industries as electricity, water ,telecommunications, storage and transportation. In the latter sector the valueof FDI stock rose 16-fold between 1990 and 2002. Incorporating a transportsector dominated by multinationals and economies of scale in a modelof thenew trade theory leads to different predictions regarding the volume of tradeand income as compared to a model with iceberg transport costs. It alsoopens up a further possibility for specialization.
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  • Larch, Mario, 2007. "The multinationalization of the transport sector," Journal of Policy Modeling, Elsevier, vol. 29(3), pages 397-416.
    • Handle: RePEc:eee:jpolmo:v:29:y:2007:i:3:p:397-416
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    Cited by:

    1. Stefan Gruber & Luigi Marattin, 2007. "No Taxation without Infrastructure," Working Paper series 11_07, Rimini Centre for Economic Analysis.
    2. repec:rim:rimwps:11-07 is not listed on IDEAS
    3. Asteris, Michael & Collins, Alan & Jones, Dylan F., 2012. "Container port infrastructure in north-west Europe: Policy-level modeling," Journal of Policy Modeling, Elsevier, vol. 34(2), pages 312-324.
    4. Behrens, Kristian & Picard, Pierre M., 2011. "Transportation, freight rates, and economic geography," Journal of International Economics, Elsevier, vol. 85(2), pages 280-291.

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    More about this item

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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