Seminars & Events
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[Register now] Dr. Trang Hoang (Federal Reserve Board of Governors): Multinational firm innovation and affiliate sourcing decisions: Evidence from Japan The paper studies the effect of R&D investment by multinational companies' (MNC) parent firms and their affiliates on the affiliates' decision to purchase intermediate inputs across different locations. We first develop a theoretical model that allows R&D to affect sourcing decisions through two channels: Hicks-neutral productivity and input prices. While the first channel implies that R&D in one location would affect imports from all locations equally, the second channel implies that R&D might have location-specific effects. Using data on a sample of Japanese multina... APL Event Date：2026.10.21