S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.14(2) (Summer 2001)
Strategic Trade Policy and International Trade in the Presence of International Cross-Ownership
- Kang, JaeHyeong; Cheong, Kiwoong; Lee, Sanghack
- Issue Date
- Seoul Journal of Economics, Vol.14 No.2, pp. 153-168
- 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 inter national ownership on national welfare and world welfare.