Arbeitspapier
FDI versus Exports Substitutes or Complements? A Three Nations Model and Empirical Evidence
There are two main options for companies to serve foreign markets; exports and foreign direct investment (FDI). Based on the Helpman, Melitz and Yeaple (2004) model for two host countries this paper derives a clear theoretical prediction for the decision between both strategies. A bivariate probit model is estimated using AMADEUS database to analyse the probability of using one or the other strategy. The empirical evidence indicates that a considerable number of companies use a combination of both strategies to serve foreign markets, which is in line with the analyzed three country model.
- Sprache
-
Englisch
- Erschienen in
-
Series: FIW Working Paper ; No. 12
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
Firm Behavior: Theory
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
- Thema
-
Exports
Foreing Direct Investment
Three Nations Model
Bivariate Probit Estimation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oberhofer, Harald
Pfaffermayr, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
FIW - Research Centre International Economics
- (wo)
-
Vienna
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Oberhofer, Harald
- Pfaffermayr, Michael
- FIW - Research Centre International Economics
Entstanden
- 2008