ROBERT E. LIPSEY

 

 

PRESENT POSITIONS

 

Research Associate and Director, New York Office, National Bureau of Economic Research

Professor of Economics, Emeritus, Queens College and The Graduate Center, City University of New York

 

PAST POSITIONS

 

Lecturer in Economics, Columbia University

Director of International and Financial Studies and Vice President-

   Research, National Bureau of Economic Research

 

EDUCATION

 

B.A., M.A. and Ph.D., Columbia University

Dissertation:  “Price and Quantity Trends in the Foreign Trade of the United States,” 1961

 

OTHER PROFESSIONAL ACTIVITIES

 

Fellow:  American Statistical Association; New York Academy of Sciences

Editorial Board: Contemporary Economic Policy; International Trade Journal;

                           Review of Income and Wealth

President, International Trade and Finance Association, 1997

Board of Directors: Western Economic Association, 1996 - 1999.

Member:  Academy of International Business; American Economic Association;

                Cliometric Society; Conference on Research in Income and Wealth;

                Econometric Society; European Economic Association; International Association

                for Research in Income and Wealth; International Trade and Finance Association;

                National Association for Business Economics; Western Economic Association

 

PUBLICATIONS

 

Books

 

Price and Quantity Trends in the Foreign Trade of the United States, Princeton, Princeton University Press for the NBER, 1963.

 

Studies in the National Balance Sheet of the United States (Vol. I, with Raymond W. Goldsmith; Vol. II with Raymond W. Goldsmith and Morris Mendelson), Princeton, Princeton University Press for the NBER, 1963.

 

Source Book of Statistics Relating to Construction (with Doris Preston), New York, National Bureau of Economic Research, 1966.


 

Price Competitiveness in World Trade (with Irving B. Kravis), New York, National Bureau of Economic Research, 1971.

 

The Financial Effects of Inflation (with Phillip Cagan), Cambridge, Ballinger Publishing Company for the NBER, 1978.

 

 

Edited Volumes

 

The Measurement of Saving, Investment, and Wealth, Studies in Income and Wealth, Vol. 52 (edited with Helen Stone Tice), Chicago, The University of Chicago Press for the NBER, 1989.

 

Conference on “The Accession of the Nordic Countries to the European Union” (edited with Magnus Blomström), London, Ontario, Canada and Nottingham, U.K., The World Economy, Vol. 17, No. 5, September 1994.

 

Geography and Ownership as Bases for Economic Accounting, Studies in Income and Wealth, Vol.59 (edited with Robert E. Baldwin and J. David Richardson), Chicago, The University of Chicago Press for the NBER, 1998.

 

International and Interarea Comparisons of Income, Output, and Prices, Studies in Income and Wealth, Vol. 61 (edited with Alan Heston), Chicago, The University of Chicago Press for the NBER, 1999.

 

Multinational Firms and Impacts on Employment, Trade, and Technology (edited with Jean-Louis Mucchielli), London, Routledge, 2002.

 

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries (edited with Heinz Hermann), Springer-Verlag, 2003.

 

 

Short Monographs

 

Measuring International Price Competitiveness: A Preliminary Report (with Irving B. Kravis and Philip J. Bourque), Occasional Paper 94, NBER, 1965.

 

Comparative Prices of Nonferrous Metals in International Trade, 1953-64 (with Irving B. Kravis), Occasional Paper 98, NBER, 1966.

 

Toward an Explanation of National Price Levels (with Irving B. Kravis), Princeton Studies in International Finance, No. 52, International Finance Section, Princeton University, November 1983.

 

Saving and Economic Growth: Is the United States Really Falling Behind? (with Irving B. Kravis), The Conference Board, 1987.

 

Economic Relations Between the United States and Sweden (with Magnus Blomström and Lennart Ohlsson), Svenska Handelsbanken and The Federation of Swedish Industries, Stockholm, 1989.

 

Measures of the Transnationalization of Economic Activity, United Nations Conference on Trade and Development, New York and Geneva, United Nations, 2001.

 

The Labour Market Effects of U.S. FDI in Developing Countries, Employment Strategy Papers, International Labour Office, Geneva, 2004.

 

 

Articles and Papers

 

“A Report on the Study of International Price Competitiveness” (with Irving B. Kravis), American Economic Review, May 1967, pp. 482-491.

 

“A Note on Consumer Asset Formation in the United States” (with F. T. Juster), The Economic Journal, Vol. LXXVII, December 1967, pp. 834‑847.

 

“New Measures for International Price Competitiveness” (with Irving B. Kravis), Wharton Quarterly, Fall 1968, pp. 36-41.

 

“International Price Comparisons by Regression Methods” (with Irving B. Kravis), International Economic Review, June 1969, pp. 233-246.  Reprinted, with additional material, in Price Indexes and Quality Change, ed. by Zvi Griliches, Harvard University Press, 1971, pp. 150-180.

 

“The Relation of U.S. Manufacturing Abroad to U.S. Exports:  A Frame‑work for Analysis” (with Merle Yahr Weiss), 1969 Proceedings of the Business and Economic Statistics Section, American Statistical Association, pp. 497-509.

 

“Foreign Trade” in American Economic Growth: An Economist's History of the United States, ed. by Lance Davis, Richard Easterlin, and William Parker, Harper & Row, 1971, pp. 548-581.

 

“Estimating the Structure of International Transport Costs” (with Merle Yahr Weiss), 1971 Proceedings of the Business and Economic Statistics Section, American Statistical Association, pp. 418-424.

 

“The Elasticity of Substitution as a Variable in World Trade” (with Irving B. Kravis), in International Comparisons of Prices and Output, ed. by D. J. Daly, Studies in Income and Wealth, Vol. 37, NBER, 1972, pp. 369-398.

 

“The Current International Competitive Position of the United States,” The Conference Board Record, April 1972, pp. 21-25.

 

“Analyzing Direct Investment and Trade at the Company Level” (with Merle Yahr Weiss), 1972 Proceedings of the Business and Economic Statistics Section, American Statistical Association, pp. 11-20.

 

“International Trade Prices and Price Proxies” (with Irving B. Kravis), in The Role of the Computer in Economic and Social Research in Latin America, ed. by Nancy D. Ruggles, NBER, 1974, pp. 253‑268.

 

“The Structure of Ocean Transport Charges” (with Merle Yahr Weiss), Explorations in Economic Research, Vol. 1, No. 1, NBER, Summer 1974, pp. 162‑193.

 

“Export Prices and the Transmission of Inflation” (with Irving B. Kravis), American Economic Review, Vol. 67, No. 1, February 1977, pp. 155‑163.

 

“Price Behavior in the Light of Balance of Payments Theories” (with Irving B. Kravis), Journal of International Economics, Vol. 8, No. 2, May 1978, pp. 193‑246. NBER Reprint No. 26.

 

“The Creation of Microdata Sets for Enterprises and Establishments,” Annales de l'INSEE 30‑31, April‑September 1978, pp. 395‑422. NBER Reprint No. 12.

 

“Foreign Production and Exports in Manufacturing Industries” (with Merle Yahr Weiss), Review of Economics and Statistics, Vol. LXIII, No. 4, November 1981, pp. 488‑494.  NBER Reprint No. 240.  For appendix see http://www.nber.org/data-appendix/r0240/

 

“Do Multinational Firms Adapt Factor Proportions to Relative Factor Prices?” (with Irving B. Kravis and Romualdo A. Roldan), in Trade and Employment in Developing Countries, 2:  Factor Supply and Substitution, ed. by Anne O. Krueger, University of Chicago Press for the NBER, 1982, pp. 215‑255. NBER Reprint No. 399.

 

“Prices and Market Shares in the International Machinery Trade” (with Irving B. Kravis), Review of Economics and Statistics, Vol. LXIV, No. 1, February 1982, pp. 110‑116. NBER Reprint No. 252.

 

“The Location of Overseas Production and Production for Export by U.S. Multinational Firms” (with Irving B. Kravis), Journal of International Economics, Vol. 12, No. 3/4, May 1982, pp. 201‑223. NBER Reprint No. 306.

 

“Foreign Production and Exports of Individual Firms” (with Merle Yahr Weiss), Review of Economics and Statistics, Vol. LXVI, No. 2, May 1984, pp. 304‑308. NBER Reprint No. 558.

For appendix see http://www.nber.org/data-appendix/r0558/

 

“The Diffusion of Economic Growth in the World Economy, 1950‑1980” (with Irving B. Kravis), in International Comparisons of Productivity and Causes of the Slowdown, ed. by John W. Kendrick, Ballinger Publishing Co., Cambridge, MA, 1984, pp. 109‑151.

 

“Prices and Terms of Trade for Developed‑Country Exports of Manufactured Goods” (with Irving B. Kravis), in The Economics of Relative Prices, ed. by Béla Csikós‑Nagy, Douglas Hague, and Graham Hall, Macmillan, London, 1984, pp. 415‑445. Reprinted as NBER Reprint No. 561. Also reprinted as “A fejlett országok feldolgozóipari exportjának árai és cserearánya,” in Béla Csikós‑Nagy and György Szakolczai, ed., Alkalmazkodás az új árviszonyokhoz, Budapest, 1983.

 

“Recent Trends in U.S. Trade and Investment,” in Problems of Advanced Economies.  Proceedings of the Third Conference on Advanced Societies, ed. by Nagasada Miyawaki, Springer‑Verlag, Berlin and Heidelberg, 1984, pp. 58‑79. NBER Reprint No. 565.

 

“The Competitive Position of U.S. Manufacturing Firms” (with Irving B. Kravis), Banca Nazionale del Lavoro Quarterly Review, No. 153, June 1985, pp. 127‑154.  NBER Reprint No. 659.

 

“Prices, Activity, and Machinery Exports: An Analysis Based on New Price Data” (with Dennis M. Bushe and Irving B. Kravis), Review of Economics and Statistics, Vol. LXVIII, No. 2, May 1986, pp. 248‑255.  NBER Reprint No. 764.

 

“The Competitiveness and Comparative Advantage of U.S. Multinationals, 1957‑1984” (with Irving B. Kravis), Banca Nazionale del Lavoro Quarterly Review, Rome, June 1987.  NBER Reprint No. 964.

 

“The Assessment of National Price Levels” (with Irving B. Kravis), in Real‑Financial Linkages Among Open Economies, ed. by Sven W. Arndt and J. David Richardson, Cambridge, M.I.T.     Press, 1987, pp. 97-134.  NBER Reprint No. 1043.

 

“Changing Patterns of International Investment in and by the United States” in The U.S. in the World Economy, ed. by Martin Feldstein, Chicago, University of Chicago Press for the NBER, 1988. NBER Reprint No. 1027.

 

“National Price Levels and the Prices of Tradables and Nontradables” (with Irving B. Kravis), American Economic Review, Vol. 78, No. 2, May 1988. NBER Reprint No. 1087.

 

U.S. and Swedish Direct Investment and Exports” (with Magnus Blomström and Ksenia  Kulchycky), in Trade Policy Issues and Empirical Analysis, ed. by Robert Baldwin, Chicago, University of Chicago Press for the NBER, 1988. NBER Reprint No. 1114.

 

“De Multinationella Företagens Konkurrenskraft” (with Magnus Blomström), in Export Industrins Framtid: Är Konkurrenskraften i Fara?, ed. by Emil Ems, Stockholm, SIND, 1988.

 

“The Export Performance of U.S. and Swedish Multinationals” (with Magnus Blomström), Review of Income and Wealth, Series 35, No. 3, September 1989, pp. 245-264. NBER Reprint No. 1397.

 

U.S. Multinationals in Latin American Service Industries” (with Magnus Blomström), World Development, Vol. 17, No. 11, November 1989, pp. 1769-1776. NBER Reprint No. 1398.

 

“U.S. Direct Foreign Investment and U.S. Exports: What the Data Show,” in U.S. Foreign Tax Policy and the Global Economy, Washington, DC, Institute for Research on the Economics of Taxation, 1989.

 

 “R&D by Multinational Firms and Developing‑Country Exports” (with Magnus Blomström and Irving B. Kravis), in Robert Evenson and Gustav Ranis, editors, Science and Technology: Lessons for Development Policy, Westview Press, 1990.

 

“Reviving the Federal Statistical System: International Aspects,” American Economic Review, Vol. 80, No. 2, May 1990. NBER Reprint No. 1419.

 

“What Do Rich Countries Trade with Each Other? R&D and the Composition of U.S. and Swedish Trade” (with Magnus Blomström and Lennart Ohlsson), Banca Nazionale del Lavoro Quarterly Review, June 1990. NBER Reprint No. 1551.

 

“Empresas transnacionales y exportaciones industriales de los paises en desarrollo” (with Magnus Blomström and Irving B. Kravis), Ciencias Económicas, Vol. X, No. 2, December 1990.

 

“Firm Size and Foreign Operations of Multinationals” (with Magnus Blomström), Scandinavian Journal of Economics, Vol. 93, No. 1, 1991. NBER Reprint No. 1632.

 

“Foreign Direct Investment in the United States and U.S. Trade,” Annals of the American Academy of Political and Social Sciences, No. 516, July, 1991. NBER Reprint No. 1667.

 

“American Firms Face Europe: 1992,” in Martin Feldstein and Yutaka Kosai, editors, U.S.-Japan Economic Forum, Volume 1, 1990, Cambridge, National Bureau of Economic Research, 1991.

 

“The International Comparison Program: Current Status and Problems” (with Irving B. Kravis), in Peter Hooper and J. David Richardson, editors, International Economic Transactions: Issues in Measurement and Empirical Research, Studies in Income and Wealth, Vol. 55, Chicago, University of Chicago Press, 1991. NBER Reprint No. 1711.

 

“Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods” (with Irving B. Kravis and Linda Molinari), in Peter Hooper and J. David Richardson, editors, International Economic Transactions: Issues in Measurement and Empirical Research, Studies in Income and Wealth, Vol. 55, Chicago, University of Chicago Press, 1991, pp. 144-195. NBER Reprint No. 1714.

 

“Direct Foreign Investment and Structural Change in Developing Asia, Japan, and the U.S.,” in Eric D. Ramstetter, Ed., Direct Foreign Investment in the Asia-Pacific Region, Westview Press, 1991.

 

“Interactions Between Domestic and Foreign Investment,” (with Guy V. G. Stevens), Journal of  International Money and Finance, Vol. 11, No. 1, March, 1992, pp. 40-62. NBER Reprint No. 1715.

 

“Sources of Competitiveness of the U.S. and of its Multinational Firms” (with Irving B. Kravis), Review of Economics and Statistics, Vol. LXXIV, No. 2, May 1992, pp. 193-201.  NBER Reprint No. 1757.  Also reprinted in Joanne E. Oxley and Bernard Yeung, Editors, The  Globalization of the World Economy: Structural Change, Industrial Location, and Competitiveness.  Cheltenham, UK, Edward Elgar Publishing Ltd., 1998.

 

“Är svenska matpriser ‘för höga’?” (with Birgitta Swedenborg) in Olaf Bolin and Birgitta Swedenborg, Eds., Mat till EG-pris?, Stockholm.  Studieförbundet Näringsliv och Samhalle (SNS), 1992, pp. 15-46.

 

“Parent Firms and their Foreign Subsidiaries in Goods and Service Industries” (with Irving B. Kravis), International Trade and Finance Association, 1992 Proceedings, edited by Khosrow Fatemi, pp. 207-222.  NBER Reprint No. 1828.

 

“Foreign Firms and Structural Adjustment in Latin America: Lessons from the Debt Crisis” (with Magnus Blomström), in Göte Hansson, Ed., Trade, Growth, and Development: The Role of Politics and Institutions, London, Routledge, 1993, pp. 109-132.  NBER Reprint No. 1856.

 

“The Competitiveness of Countries and their Multinational Firms” (with Magnus Blomström), in Lorraine Eden and Evan H. Potter, Eds., Multinationals in the Global Political Economy, London, Macmillan, 1993.

 

“Foreign Direct Investment in the United States: Changes Over Three Decades,” in Kenneth A. Froot, ed., Foreign Direct Investment, Chicago, University of Chicago Press for the NBER, 1993, pp. 113-170. NBER Reprint No. 1851.

 

“The Impact of Transnational Service Corporations on Developing Countries: Competition, Market Structure and the Provision of Unique Services” (with Zbigniew Zimny), in K.P. Sauvant and P. Mallampally, Eds., Transnational Corporations in Services, UN, Library on TNCs, Vol. 12, London and New York, Routledge, 1993, pp. 316-332.

 

“What Explains the Growth of Developing Countries?” (with Magnus Blomström and Mario Zejan) in William J. Baumol, Richard R. Nelson, and Edward N. Wolff, Eds., Convergence of Productivity: Cross-National Studies and Historical Evidence, Oxford University Press, 1994, pp. 243-259. NBER Reprint No.1924.

 

“MNC's Trade Responses to Price and Exchange Rate Changes,” in Khosrow Fatemi, Editor, The Globalization of Business in the 1990s: Implications for Trade and Investment, Proceedings of the Fourth International Meeting of the International Trade and Finance Association, Vol. IV, El Paso, Texas, 1995, pp. 1119-1133.

 

“Home Country Effects of Outward Direct Investment,” in Martin Feldstein, James R. Hines, Jr., and R. Glenn Hubbard, Editors, Taxing Multinational Corporations, Chicago, University of Chicago Press for the NBER, 1995, pp. 7-12.

 

“Outward Direct Investment and the U.S. Economy,” in Martin Feldstein, James R. Hines, Jr., and R. Glenn Hubbard, Editors, The Effects of Taxation on Multinational Corporations, Chicago, University of Chicago Press for the NBER, 1995, pp. 7-33. NBER Reprint No. 2020.

 

“Is Fixed Investment the Key to Economic Growth?” (with Magnus Blomström and Mario Zejan), The Quarterly Journal of Economics, Vol. CXI, No. 1, February 1996, pp. 269-276.  NBER Reprint No. 2065.

 

“Wages and Foreign Ownership: A Comparative Study of Mexico, Venezuela, and the United States” (with Brian Aitken and Ann Harrison), Journal of International Economics, Vol. 40,  No. 3/4, May 1996, pp. 345-371.  NBER Reprint No. 2132.

 

“The High Cost of Eating: Causes of International Differences in Consumer Food Prices,” (with Birgitta Swedenborg), Review of Income and Wealth, Series 42, No. 2, June 1996, pp. 181-194. NBER Reprint No. 2073.

 

“Foreign Direct Investment and Employment: Home Country Experience in the United States and Sweden,” (with Magnus Blomström and Gunnar Fors), The Economic Journal, 107, November 1997, pp. 1787-1797.  NBER Reprint No. 2190.

 

“Measuring Real Investment: Trends in the United States and International Comparisons,” (with Milka Kirova), Review of the Federal Reserve Bank of St. Louis, Vol. 80, No. 1, Jan/Feb 1998.

 

“Galloping, Creeping, or Receding Internationalization,” The International Trade Journal, Vol. XII, No. 2, Summer 1998.

 

“Internationalized Production in World Output” (with Magnus Blomström and Eric D. Ramstetter), in Robert E. Baldwin, Robert E. Lipsey, and J. David Richardson, Editors, Geography and Ownership as Bases for Economic Accounting, Studies in Income and Wealth, Vol. 59, University of Chicago Press for the NBER, 1998.

 

“The Geographical Specialization of US and Swedish FDI Activity” (with Pontus Braunerhjelm), in Pontus Braunerhjelm  and Karolina Ekholm, Editors, The Geography of Multinational Firms, Boston, Kluwer Academic Publishers, 1998.

 

“Trade and Production Networks of US MNEs and Exports by their Asian Affiliates,” in John H. Dunning, Editor, Globalization, Trade and Foreign Direct Investment, Series in International Business and Economics, Elsevier Science, Ltd., 1998, pp. 204-216.

 

“The Internationalization of US MNEs and its Impact in Developing Countries,” in Nagesh Kumar, Editor, Globalization, Foreign Direct Investment, and Technology Transfer: Impact on and Prospects for Developing Countries, London and New York, Routledge in association with the UNU Press, 1998.

 

“The Location and Characteristics of U.S. Affiliates in Asia,” in Papers and Proceedings of International Symposium: Foreign Direct Investment in Asia, October 22-23, 1998, Tokyo, Department of Research Cooperation, Economic Research Institute, Economic Planning Agency, Government of Japan, pp. 7-44.

 

“Wage Dispersion and Country Price Levels” (with Birgitta Swedenborg), in Alan Heston and Robert E. Lipsey, Editors, International and Interarea Comparisons of Income, Output, and Prices, Studies in Income and Wealth, Vol. 61, The University of Chicago Press for the NBER, 1999, pp. 453-477.

 

“The Role of Foreign Direct Investment in International Capital Flows,” in Martin Feldstein, Editor, International Capital Flows, Chicago, The University of Chicago Press for the NBER, 1999, pp. 307-331.

 

“Parent Exports and Affiliate Activity in Japanese Multinational Companies, 1986, 1989, 1992,” (with Eric D. Ramstetter and Magnus Blomström) in Japan, Institute for International Trade and Investment, Analytical Research Based on Data from the Survey of Overseas Business Activities, Survey Research on Harmonizing Globalization Based on the 1997 Survey of Overseas Business Activities, Tokyo, Institute for International Trade and Investment, 1999, pp. 93-146.

 

“A Note on Parent Employment and Affiliate Activity in Japanese Multinational Corporations, 1986, 1989, 1992,” (with Eric D. Ramstetter and Magnus Blomström) in Japan, Institute for International Trade and Investment, Analytical Research Based on Data from the Survey of Overseas Business Activities, Survey Research on Harmonizing Globalization Based on the 1997 Survey of Overseas Business Activities, Tokyo, Institute for International Trade and Investment, 1999, pp. 148-185.

 

“Japan’s Exports and Affiliates of Japanese Multinational Corporations, 1986-1995,” (with Eric D. Ramstetter and Magnus Blomström) in Japan, Institute for International Trade and Investment, Analytical Research Based on Data from the Survey of Overseas Business Activities, Survey Research on Harmonizing Globalization Based on the 1998 Survey of Overseas Business Activities, Tokyo, Institute for International Trade and Investment, 2000, pp. 51-97.

 

“Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade,” in Takatoshi Ito and Anne O. Krueger, Editors, The Role of Foreign Direct Investment in East Asian Economic Development,  EASE Volume 9, Chicago, University of Chicago Press for the NBER, 2000, pp. 147-187.

 

U.S. Foreign Trade and the Balance of Payments, 1800-1913,” in Stanley L. Engerman and Robert E. Gallman, Editors.  Cambridge Economic History of the United States, Vol. 2, The Long Nineteenth Century, Cambridge, Cambridge University Press, 2000, pp. 685-732.

 

“Inward FDI and Economic Growth in Developing Countries,” Transnational Corporations, Vol. 9, No. 1, April 2000, Geneva, United Nations Conference on Trade and Development, pp. 67-96.

 

“Outward FDI and Parent Exports and Employment: Japan, the United States, and Sweden,” (with Eric Ramstetter and Magnus Blomström), Global Economic Quarterly, Vol. 1, No. 4, Oct-Dec, 2000, pp. 285-302.

 

“Investing for the Future in Japan, the United States, and Europe,” (with Milka Kirova).  Global Focus, Vol. 12, No. 2, John Wiley & Sons, April 2000, pp. 99-110.

 

“FDI in the Restructuring of the Japanese Economy,” (with Magnus Blomström and Denise Eby Konan), in Magnus Blomström, Byron Gangnes, and Sumner La Croix, Japan’s New Economy: Continuity and Change in the Twenty-First Century, New York, Oxford University Press, 2001, pp. 245-262.

 

“Interpreting Developed Countries’ Foreign Direct Investment,” in Deutsche Bundesbank, Editor, Investing Today for the World of Tomorrow, Berlin, Springer-Verlag, 2001, pp. 285-325.

 

“Foreign Production by U.S. Firms and Parent Firm Employment,” in Robert E. Lipsey and Jean-Louis Mucchielli, Editors, Multinational Firms and Impacts on Employment, Trade, and Technology, London, Routledge, 2002, pp. 3-23.

 

“Foreign Direct Investment, Growth, and Competitiveness in Developing Countries,” in Peter K. Cornelius, Editor, The Global Competitiveness Report 2002-2003, New York and Oxford, Oxford University Press, 2003, pp. 295-305.

 

“Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data,” in E. Kwan Choi and James Harrigan, Editors, Handbook of International Trade, London, Blackwell, 2003, pp. 287-319.

 

“Japanese Exports, MNC Affiliates and Rivalry for Export Markets,” (with Eric D. Ramstetter), Journal of the Japanese and International Economies, June, 2003, pp. 101-117.

 

“Foreign Direct Investment, Education, and Wages in Indonesian Manufacturing,” (with Frederik Sjöholm),  Journal of Development Economics, Vol. 73, No.1, Feb. 2004, pp. 415-422.

 

“Home and Host Country Effects of FDI,” in Robert E. Baldwin and L. Alan Winters, Editors, Challenges to Globalization, Chicago, University of Chicago Press, 2004, pp. 333-379.

 

“FDI and Wage Spillovers in Indonesian Manufacturing,” (with Fredrik Sjöholm), Review of World Economics, Weltwirtschaftliches Archiv, Vol. 140, No. 2, 2004.

 

“Host Country Impacts of Inward FDI: Why Such Different Answers,” (with Fredrik Sjöholm), in Theodore H. Moran, Edward M. Graham, and Magnus Blomström, Editors, Does Foreign Direct Investment Promote Development?, Institute for International Economics, May 2005.

 

“Foreign Ownership, Wages, and Wage Changes in U.S. Industries, 1987-1992,” (with Zadia Feliciano), Contemporary Economic Policy, Vol. 24, No. 1, forthcoming, January 2006.

 

“Foreign Direct Investment and Wages in Indonesia,” (with Fredrik Sjöholm) in Eric D. Ramstetter and Fredrik Sjöholm, Editors, Multinational Corporations in Indonesia and Thailand: Wages, Productivity, and Exports, London, Palgrave, forthcoming, 2006.

 

Notes, Comments, and Reviews

 

Comment on “Price Research in Government,” in 1967 Proceedings of the Business and Economic Statistics Section, American Statistical Association, pp. 343‑344.

 

Review of Jack Revell, “The Wealth of the Nation,” Journal of Finance XXIII, September 1968, pp. 714‑716.

 

Comments on Guy V.G. Stevens, “Capital Mobility and the International Firm,” Martin F.J. Prachowny, “Direct Investment and the Balance of Payments of the U.S.: A Portfolio Approach,” and Grant L. Reuber and Frank Roseman, “International Capital Flows and the Take-Over of Domestic Companies by Foreign Firms:  Canada, 1945-61,” in International Mobility and Movement of Capital, ed. by Fritz Machlup, Walter S. Salant, and Lorie Tarshis, Conference of the Universities‑National Bureau Committee for Economic Research, NBER, 1972, pp. 365-66, 504-511.

 

Comment on Richard Thaler and Sherwin Rosen, “The Value of Saving a Life: Evidence from the Labor Market,” in Household Production and Consumption, ed. by Nestor E. Terleckyj, Studies in Income and Wealth, Vol. 40, NBER, 1975, pp. 301-302.

 

Review of Herbert J. Grubel and P.J. Lloyd, “Intra‑Industry Trade: The Theory and Measurement of International Trade in Differentiated Products,” Journal of International Economics 6, August 1976, pp. 312-314.

 

“Comment on Proposed BEA Annual Survey of Foreign Direct Investment,” in The Operations of Federal Agencies in Monitoring, Reporting on, and Analyzing Foreign Direct Investments in the United States” (Part 1), Hearings before a subcommittee of the Committee on Government Operations, House of Representatives (95-2), Sept. 19, 20, and 21, 1978, pp. 301-313.

 

Review of H. Peter Gray, “A generalized theory of international trade,” Journal of Economic Literature, Vol. XVI, September 1978, pp. 1056‑1058.

 

Foreword to Anne O. Krueger, Liberalization Attempts and Consequences, Special Conference Series on Foreign Trade Regimens and Economic Development, Vol. X, Ballinger Publishing Company for the NBER, 1978, pp. xii-xvi.

 

Foreword to Jagdish Bhagwati, Anatomy and Consequences of Exchange Control Regimes, Special Conference Series on Foreign Trade Regimes and Economic Development, Vol. XI, Ballinger Publishing Company for NBER, 1978, pp. xiv-xvi.

 

Comment on Benjamin Klotz, Rey Madoo, and Reed Hansen, “A Study of High and Low 'Labor Productivity' Establishments in U.S. Manufacturing,” in New Developments in Productivity Measurement, ed. by John W. Kendrick and Beatrice N. Vaccara, Studies in Income and Wealth, Vol. 44, University of Chicago Press for the NBER, 1980, p. 292.

 

Review of Lennart Ohlsson, Engineering Trade Specialization of Sweden and Other Industrial Countries, Journal of International Economics, Vol. 12, No. 3/4, May 1982, pp. 388-392.

 

Comment on “The Census Bureau's Longitudinal Establishment Data Set,” in Development and Use of Longitudinal Establishment Data, Economic Research Report, ER‑4, U.S. Bureau of the Census, 1982, pp. 114-117.

 

Review of Barry P. Bosworth and Robert Z. Lawrence, Commodity Prices and the New Inflation, Journal of Money, Credit and Banking, May 1984.

 

Comment on Donald N. McCloskey and J. Richard Zecher, “The Success of Purchasing Power Parity: Historical Evidence and its Implications for  Macroeconomics” in A Retrospective on the Classical Gold Standard, ed. by Michael D. Bordo and Anna J. Schwartz, University of Chicago Press for the NBER, Chicago, 1984, pp. 151-156.

 

Comment on Frank G. Vukmanic, Michael R. Czinkota, and David A. Ricks, “National and International Data Problems and Solutions in the Empirical Analysis of Intraindustry Direct Foreign Investment” in Multinationals as Mutual Invaders: Intraindustry Direct Foreign Investment, ed. by Asim Erdilek, Croom Helm Ltd. Publishers, Beckenham, Kent, 1985.

 

Review of Peter A. Petri, Modeling Japanese‑American Trade, Journal of Economic Literature, December 1985.

 

Review of Raymond W. Goldsmith, Comparative National Balance Sheets, Business Economics, April 1986.

 

Review of John H. Dunning, Ed., Multinational Enterprises, Economic Structure, and International Competitiveness, Journal of International Economics, June 1987.

 

“Anna Jacobson Schwartz,” in The New Palgrave: A Dictionary of Economics, Stockton Press, New York, 1987.

 

“TNCs in United States and Swedish Trade” (with Magnus Blomström), The CTC Reporter, No. 24, Autumn 1987, pp. 51‑54, United Nations, New York.

 

“Is the United States Losing the Economic Race?,” Summary of Saving and Economic Growth: Is the U.S. Really Falling Behind? in The Conference Board, Perspectives: Long-Term Economic Outlook, No. 13, New York, 1988.

 

“Introduction,” (with Helen Stone Tice), in Robert E. Lipsey and Helen Stone Tice, Editors,   The Measurement of Saving, Investment, and Wealth, Studies in Income and Wealth, Vol. 52, University of Chicago Press for the NBER, 1989.

 

Comment on Phan Quang Tue, “Foreign Investment Policy in Vietnam”, in Per Ronnås and     Örjan Sjöberg. Ðô'i Mó'i: Economic Reforms and Development Policies in Vietnam, (Stockholm), Swedish International Development Authority, 1990.

 

Comment on LeVan Triet, Luu Bich Ho, and To Xuan Dan, “A Policy For Expanding Foreign Trade and Attracting Foreign Capital Investments in Vietnam,” in Per Ronnås and Örjan Sjöberg, Eds., Socio-Economic Development in Vietnam: The Agenda for the 1990s, Stockholm, Swedish International Development Authority, 1991.

 

Comment on Zvi Griliches, “Hedonic Price Indexes and the Measurement of Capital and Productivity: Some Historical Reflections,” in Ernst R. Berndt and Jack Triplett, eds., Fifty Years of Economic Measurement, Studies in Income and Wealth, Vol. 54, University of Chicago Press, 1991.

 

Comment on Mark J. Roberts and James R. Tybout, “Size Rationalization and Trade Exposure in Developing Countries,” in Robert E. Baldwin, Editor, Empirical Studies of Commercial Policy, University of Chicago Press for the NBER, 1991.

 

“Solomon Fabricant,” in Proceedings of the American Philosophical Society, Vol. 135, No. 4, December 1991.

 

Review of Ralph Turvey, Consumer Price Indices: An ILO Manual, Journal of Economic Literature, December 1991.

 

Review of Mira Wilkins, The History of Foreign Investment in the United States to 1914. Business Library Review, Vol. 17, No. 3, February 1992.

 

Comments on Paul A. Armknecht and Daniel H. Ginsburg.  “Improvements in Measuring Price Changes in Consumer Services: Past, Present, and Future,” and on Edwin R. Dean and Kent Kunze, “Productivity Measurement in Service Industries,” in Zvi Griliches, ed., Output Measurement in the Service Sectors, Studies in Income and Wealth, Vol. 56, Chicago, University of Chicago Press for the NBER, 1992.

 

U.S. Competitiveness: Are commentators too pessimistic?” Queens College Report, Vol. 9, No. 2, Winter 1992-93, pp. 10-11.

 

Comment on Richard Doner, “Japanese Foreign Investment and the Creation of a Pacific-Asian Region,” in Jeffrey A. Frankel and Miles Kahler, eds., Regionalism and Rivalry: Japan and the U.S. in Pacific Asia, Chicago, University of Chicago Press for the NBER, 1993.

 

Review of Local Entrepreneurship in Singapore, Private and State, by Lee Tsao Yuan and Linda Low, and Business, Society, and Development in Singapore, edited by Chong Li Choy et al., Journal of Asian Studies, Nov. 1993.

 

Review of American Economic Policy and National Security, by Theodore H. Moran, The International Trade Journal, Vol. VIII, No. 3, 1994, pp. 389-392.

 

Review of Statistics for the 21st Century: Proposals for Improving Statistics for Better Decision Making, by Joseph W. Duncan and Andrew C. Gross, Journal of Economic Literature, Vol. XXXIII, June 1995.

 

“Multinational Enterprises and International Trade,” in Lee E. Preston, Editor, Multinational Enterprise and the Global Economy, College Park, MD, CIBER, Maryland, 1995.

 

“Foreign Direct Investments and their Effects on Wages,” in Mark Lincoln Chadwin, Editor, International Business: The New York Experience, New York, NY, Weissman Center for International Business, Baruch College of CUNY, March 1996.

 

Review of Review of Sectoral Flows of Foreign Direct Investment in Asia and the Pacific, ESCAP Studies in Trade and Investment 5, United Nations Economic and Social Commission for Asia and the Pacific, ASEAN Economic Bulletin, Vol. 13, No. 1, July 1996, pp. 135-137.

 

Multinational Firms and the Diffusion of Skills and Technology (with Magnus Blomström),  NBER Reporter, Summer 1996, pp. 11-13.

 

Review of Alfred E. Eckes, Jr., Opening America's Market: U.S. Foreign Trade Policy Since 1776, The International History Review, Vol. XIX, 1, February 1997.

 

Review of Gavin Peebles and Peter Wilson, The Singapore Economy, Journal of Asian Studies, Vol. 56, No. 1, February 1997, pp. 265-266.

 

“Global Production Systems and Labour Markets,” in Pierre Frühling, Editor, International Solidarity and Globalisation: In Search of New Strategies, Ministry for Foreign Affairs, Stockholm, Sweden, 1998, pp. 61-66.

 

“Introduction,” (with Robert E. Baldwin and J. David Richardson, in Robert E. Baldwin, Robert E. Lipsey, and J. David Richardson, Editors, Geography and Ownership as Bases for Economic Accounting, Studies in Income and Wealth, Vol. 59, University of Chicago Press for the NBER, 1998, pp. 1-7.

 

“Introduction,” (with Alan Heston) in Alan Heston and Robert E. Lipsey, Editors, International and Interarea Comparisons of Income, Output, and Prices, Studies in Income and Wealth, Vol. 61, Chicago, The University of Chicago Press for the NBER, 1999, pp. 1-9.

 

“Introduction ( with Jean-Louis Mucchielli) in Robert E. Lipsey and Jean-Louis Mucchielli, Editors, Multinational Firms and Impacts on Employment, Trade, and Technology, London, Routledge, 2002, pp. ix-xv.

 

“Foreword” to Peter C.Y. Chow, Editor, Taiwan in the Global Economy, Praeger Publishers, Westport, CT, 2002, pp. vii-viii.

 

Comment on Fukunari Kimura and Kozo Kiyota, “Exports and Foreign Direct Investment Accelerate Corporate Reforms: Evidence from Japanese Micro Data,” in Robert M. Stern, Editor, Japan’s Economic Recovery: Commercial Policy, Monetary Policy, and Corporate Governance.  Cheltenham, UK and Northampton, MA: Edward Elgar Publishing, 2003.

 

“Summary,” (with Heinz Herrmann) in Heinz Herrmann and Robert E. Lipsey, Editors, Foreign Direct Investment in the Real and Financial Sector of Industrial Countries, Springer-Verlag, 2003, pp. 1-6.

 

“Discussion,” of Frank Barry, “EU Accession and Prospective FDI Flows to CEE Countries: A View From Ireland,” in Heinz Herrmann and Robert E. Lipsey, Editors, Foreign Direct Investment in the Real and Financial Sector of Industrial Countries, Springer-Verlag, 2003, pp. 209-213.

 

Review of Pierre-Bruno Ruffini, Editor.  Economic Integration and Multinational Investment Behavior, 2005, in Journal of Asian Economics, Vol. 16, Issue 4, August 2005, pp. 758-760.

 

Unpublished Papers

 

“Multinational Firms and the Factor Intensity of Trade” (with Merle Yahr Weiss), NBER Working Paper 8, September 1973.

 

“Export Prices and Exchange Rates” (with Irving B. Kravis and Eliot R.J. Kalter), NBER Working Paper 182, July 1977.

 

“A Model of Firms' Decisions to Export or Produce Abroad” (with J. Weinblatt), NBER Working Paper 511, July 1980.

 

“Foreign Takeovers of Swedish Firms” (with Birgitta Swedenborg), NBER Working Paper No.641, March 1981.

 

“Swedish Firms Acquired by Foreigners: A Comparison of Before and After Takeover” (with Linda O'Connor), NBER Working Paper No.1022, November 1982.

 

“U.S.‑Owned Affiliates and Host‑Country Exports” (with Irving B. Kravis), NBER Working Paper 1037, December 1982.

 

“Host‑Country Regulation and Other Determinants of Overseas Operations of U.S. Motor Vehicle and Parts Companies” (with Ksenia Kulchycky), NBER Working Paper No.1463, September 1984.

 

“Comparative National Saving and Investment: A Different View” (with Irving B. Kravis), Paper for presentation at The Annual Meeting of the Western Economic Association, July 1988.

 

“The Effect of Multinational Firms' Foreign Operations on their Domestic Employment” (with Irving B. Kravis), NBER Working Paper No.2760, November 1988.

 

“The Internationalization of Production,” NBER Working Paper No.2923, April 1989.

 

“The Competitiveness of the U.S. and of U.S. Firms,” Paper for the 11th Ministry of Finance - NBER Conference on “The Competitiveness of U.S. Industries and its Implications on U.S.- Japan Relationships in the Future,” Tokyo, September 10-11, 1991.

 

“The Data Infrastructure in Economics: Foreign Trade and Investment,” Paper for Annual Meeting of the American Economic Association, Anaheim, CA, January 1993.

 

“Measures of Export Prices and Price Competitiveness for Taiwan and its Competitors,” Paper for presentation at Western Economic Association Pacific Rim Conference, Jan. 7-12, 1994.

 

“Quality Change and Other Influences on Measures of Export Prices of Manufactured Goods and the Terms of Trade between Primary Products and Manufactures,” NBER Working Paper No. 4671, March 1994.

 

“Quality Change and Other Influences on Measures of Export Prices of Manufactured Goods,” World Bank Policy Research Working Paper No. 1348, August 1994.

 

“Multinationals and Global Market Shares,” Paper for presentation at 36th Annual Meeting of the National Association of Business Economists, Washington, D. C., September 27, 1994.

 

“Foreign-Owned Firms and U.S. Wages,” NBER Working Paper No.4927, November 1994.

 

“Employment and Human Resource Development by Transnational Corporations,” Paper prepared for United Nations, Conference on Trade and Development, Division on Transnational Corporations and Investment, December 1994.

 

“Competitiveness in a World of TNCs,” Paper prepared for United Nations Conference on Trade and Development, Division on Transnational Corporations and Investment, July 1995.

 

“World Trade Flows, 1970-1992, with Production and Tariff Data,” (with Harry P. Bowen and Robert C. Feenstra), NBER Working Paper No. 5910, January 1997.

 

“Does the United States Invest ‘Too Little’? (with Milka Kirova).  Federal Reserve Bank of St. Louis Research Division Working Papers, 97-020A, November 1997.

 

“Comparative Advantage in FDI Operations and in Home and Host Country Trade,” (with Magnus Blomström), paper for conference of Pacific Rim Allied Economic Organizations, Bangkok, January 14-16, 1998.

 

“Internationalized Production in Developed and Developing Countries and in Industry Sectors.”  NBER Working Paper No. 6405, February 1998.

 

“International Competition: Who Competes with Whom, and How,” paper for NBER Conference on Trade, Technology, Education, and the U.S. Labor Market,” Cambridge, MA, April 30-May 1, 1998.

 

“The United States and Europe as Suppliers and Recipients of Foreign Direct Investment.”  Paper for presentation at University of Pavia-CUNY Joint Conference on “Europe Entering the Next Millenium,” Pavia, March 17-19, 1999.

 

“Foreign Direct Investors in Three Financial Crises,” NBER Working Paper No. 8084, January 2001.

 

“Foreign Direct Investment and Wages in Indonesian Manufacturing,” (with Fredrik Sjöholm).  NBER Working Paper No. 8299, May 2001.

 

“Foreign Entry into U.S. Manufacturing by Takeovers of U.S. Firms and the Creation of New Firms” (with Zadia Feliciano).  NBER Working Paper 9122, September 2002.

 

“Foreign Firms and Indonesian Manufacturing Wages: An Analysis with Panel Data,” (with Fredrik Sjöholm),  NBER Working Paper 9417, December 2002.

 

“U.S. Firms and East Asian Development in the 1990s,” paper prepared for World Bank Institute workshop on Foreign Direct Investment and Economic Development: Lessons from East Asian Experience,” Bali, Indonesia, Nov. 30 and Dec. 1, 2003.

 

“Factor Prices and Factor Substitution in U.S. Firms’ Manufacturing Affiliates Abroad,” (with Maria Borga), NBER Working Paper, April 2004.

 

“What Makes Product Prices Differ Across Countries,” (with Birgitta Swedenborg), Paper for presentation at 28th General Conference of the International Association for Research in Income and Wealth, Cork, Ireland, August 22-28,  2004.

 

“World Trade Flows, 1962-2000,” (with Robert C. Feenstra, Haiyan Deng, Alyson C. Ma, and Hengyong Mo), NBER Working Paper 11040, January 2005.