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This paper empirically examines the foreign internalisation decision of multinational corporations. The purpose of the paper is to identify determinants of the firm boundary, where within-boundary production takes the form of foreign direct investments (FDI) and outside-boundary production takes place through international outsourcing, with reference to recently developed general-equilibrium trade
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Traditionally, occupational injury rates are measured as number of injuries per amount of work. In contrast, we propose that for certain purposes of economic policy, a more relevant measure could be obtained by considering them as production costs and comparing them with output. This was accomplished by replacing “hours worked” in the traditional formulae for estimating accident risk with “value a