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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w17550 |
来源ID | Working Paper 17550 |
A Linder Hypothesis for Foreign Direct Investment | |
Pablo D. Fajgelbaum; Gene M. Grossman; Elhanan Helpman | |
发表日期 | 2011-10-27 |
出版年 | 2011 |
语种 | 英语 |
摘要 | We study patterns of FDI in a multi-country world economy. 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 horizontal FDI, which is consistent with the patterns we find using establishment-level data on multinational activity. |
主题 | International Economics ; Trade ; International Factor Mobility |
URL | https://www.nber.org/papers/w17550 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575224 |
推荐引用方式 GB/T 7714 | Pablo D. Fajgelbaum,Gene M. Grossman,Elhanan Helpman. A Linder Hypothesis for Foreign Direct Investment. 2011. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w17550.pdf(480KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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