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The Boundaries of Multinational Enterprises and the Theory of International Trade James R. Markusen The Journal of Economic Perspectives, Vol. 9, No. 2. (Spring, 1995), pp. 169-189. Stable URL: http://links.jstor.org/sici?sici=0895-3309%28199521%299%3A2%3C169%3ATBOMEA%3E2.0.CO%3B2-%23 The Journal of Economic Perspectives is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academic journals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers, and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community take advantage of advances in technology. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Sat Jul 7 18:07:40 2007

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The Boundaries of Multinational Enterprises and the Theory of InternationalTrade

James R. Markusen

The Journal of Economic Perspectives, Vol. 9, No. 2. (Spring, 1995), pp. 169-189.

Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199521%299%3A2%3C169%3ATBOMEA%3E2.0.CO%3B2-%23

The Journal of Economic Perspectives is currently published by American Economic Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/aea.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academicjournals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers,and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community takeadvantage of advances in technology. For more information regarding JSTOR, please contact [email protected].

http://www.jstor.orgSat Jul 7 18:07:40 2007

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You have printed the following article:

The Boundaries of Multinational Enterprises and the Theory of International TradeJames R. MarkusenThe Journal of Economic Perspectives, Vol. 9, No. 2. (Spring, 1995), pp. 169-189.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199521%299%3A2%3C169%3ATBOMEA%3E2.0.CO%3B2-%23

This article references the following linked citations. If you are trying to access articles from anoff-campus location, you may be required to first logon via your library web site to access JSTOR. Pleasevisit your library's website or contact a librarian to learn about options for remote access to JSTOR.

[Footnotes]

3 Why Investors Value MultinationalityRandall Morck; Bernard YeungThe Journal of Business, Vol. 64, No. 2. (Apr., 1991), pp. 165-187.Stable URL:

http://links.jstor.org/sici?sici=0021-9398%28199104%2964%3A2%3C165%3AWIVM%3E2.0.CO%3B2-9

3 Determinants of Direct Foreign InvestmentStephen G. GrubaughThe Review of Economics and Statistics, Vol. 69, No. 1. (Feb., 1987), pp. 149-152.Stable URL:

http://links.jstor.org/sici?sici=0034-6535%28198702%2969%3A1%3C149%3ADODFI%3E2.0.CO%3B2-K

3 International Technology Transactions and the Theory of the FirmW. H. Davidson; Donald G. McFetridgeThe Journal of Industrial Economics, Vol. 32, No. 3. (Mar., 1984), pp. 253-264.Stable URL:

http://links.jstor.org/sici?sici=0022-1821%28198403%2932%3A3%3C253%3AITTATT%3E2.0.CO%3B2-2

3 Technology Transfer to Overseas Subsidiaries by U.S.-Based FirmsEdwin Mansfield; Anthony RomeoThe Quarterly Journal of Economics, Vol. 95, No. 4. (Dec., 1980), pp. 737-750.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28198012%2995%3A4%3C737%3ATTTOSB%3E2.0.CO%3B2-C

http://www.jstor.org

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3 The Effect of Technological Environment and Product Rivalry on R&D Effort and Licensingof InventionsRobert W. WilsonThe Review of Economics and Statistics, Vol. 59, No. 2. (May, 1977), pp. 171-178.Stable URL:

http://links.jstor.org/sici?sici=0034-6535%28197705%2959%3A2%3C171%3ATEOTEA%3E2.0.CO%3B2-1

8 Why Investors Value MultinationalityRandall Morck; Bernard YeungThe Journal of Business, Vol. 64, No. 2. (Apr., 1991), pp. 165-187.Stable URL:

http://links.jstor.org/sici?sici=0021-9398%28199104%2964%3A2%3C165%3AWIVM%3E2.0.CO%3B2-9

References

Agency Problems in Early Chartered Companies: The Case of the Hudson's Bay CompanyAnn M. Carlos; Stephen NicholasThe Journal of Economic History, Vol. 50, No. 4. (Dec., 1990), pp. 853-875.Stable URL:

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Franchising: Firms, Markets, and Intangible AssetsRichard E. Caves; William F. Murphy IISouthern Economic Journal, Vol. 42, No. 4. (Apr., 1976), pp. 572-586.Stable URL:

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International Technology Transactions and the Theory of the FirmW. H. Davidson; Donald G. McFetridgeThe Journal of Industrial Economics, Vol. 32, No. 3. (Mar., 1984), pp. 253-264.Stable URL:

http://links.jstor.org/sici?sici=0022-1821%28198403%2932%3A3%3C253%3AITTATT%3E2.0.CO%3B2-2

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The Multinational FirmWilfred J. EthierThe Quarterly Journal of Economics, Vol. 101, No. 4. (Nov., 1986), pp. 805-834.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28198611%29101%3A4%3C805%3ATMF%3E2.0.CO%3B2-6

Determinants of Direct Foreign InvestmentStephen G. GrubaughThe Review of Economics and Statistics, Vol. 69, No. 1. (Feb., 1987), pp. 149-152.Stable URL:

http://links.jstor.org/sici?sici=0034-6535%28198702%2969%3A1%3C149%3ADODFI%3E2.0.CO%3B2-K

A Simple Theory of International Trade with Multinational CorporationsElhanan HelpmanThe Journal of Political Economy, Vol. 92, No. 3. (Jun., 1984), pp. 451-471.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28198406%2992%3A3%3C451%3AASTOIT%3E2.0.CO%3B2-M

Multinational Corporations and Trade StructureElhanan HelpmanThe Review of Economic Studies, Vol. 52, No. 3. (Jul., 1985), pp. 443-457.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28198507%2952%3A3%3C443%3AMCATS%3E2.0.CO%3B2-O

Strategic Investments and the Development of MultinationalsIgnatius J. Horstmann; James R. MarkusenInternational Economic Review, Vol. 28, No. 1. (Feb., 1987), pp. 109-121.Stable URL:

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Licensing versus Direct Investment: A Model of Internalization by the MultinationalEnterpriseIgnatius Horstmann; James R. MarkusenThe Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 20, No. 3. (Aug.,1987), pp. 464-481.Stable URL:

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Technology Transfer to Overseas Subsidiaries by U.S.-Based FirmsEdwin Mansfield; Anthony RomeoThe Quarterly Journal of Economics, Vol. 95, No. 4. (Dec., 1980), pp. 737-750.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28198012%2995%3A4%3C737%3ATTTOSB%3E2.0.CO%3B2-C

The Economics of Franchise ContractsG. Frank Mathewson; Ralph A. WinterJournal of Law and Economics, Vol. 28, No. 3. (Oct., 1985), pp. 503-526.Stable URL:

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Why Investors Value MultinationalityRandall Morck; Bernard YeungThe Journal of Business, Vol. 64, No. 2. (Apr., 1991), pp. 165-187.Stable URL:

http://links.jstor.org/sici?sici=0021-9398%28199104%2964%3A2%3C165%3AWIVM%3E2.0.CO%3B2-9

Agency Contracts, Institutional Modes, and the Transition to Foreign Direct Investment byBritish Manufacturing Multinationals Before 1939Stephen NicholasThe Journal of Economic History, Vol. 43, No. 3. (Sep., 1983), pp. 675-686.Stable URL:

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Technology Transfer by Multinational Firms: The Resource Cost of TransferringTechnological Know-HowD. J. TeeceThe Economic Journal, Vol. 87, No. 346. (Jun., 1977), pp. 242-261.Stable URL:

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The Modern Corporation: Origins, Evolution, AttributesOliver E. WilliamsonJournal of Economic Literature, Vol. 19, No. 4. (Dec., 1981), pp. 1537-1568.Stable URL:

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The Effect of Technological Environment and Product Rivalry on R&D Effort and Licensingof InventionsRobert W. WilsonThe Review of Economics and Statistics, Vol. 59, No. 2. (May, 1977), pp. 171-178.Stable URL:

http://links.jstor.org/sici?sici=0034-6535%28197705%2959%3A2%3C171%3ATEOTEA%3E2.0.CO%3B2-1

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