| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8639 |
| DP8639 A Linder Hypothesis for Foreign Direct Investment | |
| Elhanan Helpman; Gene Grossman; Pablo Fajgelbaum | |
| 发表日期 | 2011-11-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We study patterns of FDI in a multi-country world economy. First, we present evidence for a broad sample of countries that firms direct FDI disproportionately to markets with income levels similar to their home market. Then we develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more likely to occur between countries with similar per capita income levels. The model predicts a Linder Hypothesis for FDI, consistent with the patterns found in the data. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Fdi Monopolistic competition Multinational corporations Nested logit Product quality Trade Vertical specialization |
| URL | https://cepr.org/publications/dp8639 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537476 |
| 推荐引用方式 GB/T 7714 | Elhanan Helpman,Gene Grossman,Pablo Fajgelbaum. DP8639 A Linder Hypothesis for Foreign Direct Investment. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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