Global Production and Trade in the Knowledge Economy
---- Acknowledgements -----
We thank Gene Grossman, Jim Rauch, Andres Rodriguez-Clare, Jonathan Vogel, as well as participants of the 2008 Philadelphia Fed Trade Conference for suggestions. The statistical analysis of firm-level data on U.S. multinational corporations reported in this study was conducted at the U.S. Bureau of Economic Analysis, under arrangements that maintained legal confidentiality requirements. Views expressed are those of the authors and do not necessarily reflect those of the Bureau of Economic Analysis or the National Bureau of Economic Research.