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[ Article ] | |
Seoul Journal of Economics - Vol. 14, No. 2, pp. 153-167 | |
Abbreviation: SJE | |
ISSN: 1225-0279 (Print) | |
Print publication date 31 May 2001 | |
Received 30 Oct 2001 Revised 27 Feb 2002 | |
Strategic Trade Policy and International Trade in the Presence of International Cross-Ownership | |
Jae Hyeong Kang ; Kiwoong Cheong ; Sanghack Lee
| |
Associate Professor, International Trade Division, School of Economics, Kookmin University, Seoul 136-702, South Korea | |
Associate Professor, Department of Business, Keimyung University, Taegu, South Korea | |
Professor, International Trade Division, School of Economics, Kookmin University, Seoul 136-702, South Korea, Tel: +82-2-910-4546, Fax: +82-2-910-4519 (slee@kmu.kookmin.ac.kr) | |
JEL Classification: F12, F13 |
This paper examines the effects of international cross- ownership of firms on trade pattern and social welfare in the three-country trade model in which firms in oligopolistic industry of two countries engage in intra-industry trade and export to the third country as well. The paper shows how international ownership of firms affects trade flow and firm values via strategic trade policies in such a model. The paper also considers the effect of international ownership on national welfare and world welfare.
Keywords: Strategic trade policy, International cross-ownership, Intra-industry trade, Oligopoly |
An earlier version of this paper was presented at the conference, “Location of economic activity, regional development and the global economy,” University of Le Harve, France, September 26-7, 2001. We wish to thank three anonymous refrees of this Journal and conference participants for their valuable comments and suggestions.
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