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FDI versus Exports Substitutes or Complements ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Oberhofer, Harald Pfaffermayr, Michael |
| Copyright Year | 2008 |
| Abstract | 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. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.fiw.ac.at/fileadmin/Documents/Publikationen/Working_Paper/N_012-oberhofer.pdf |
| Alternate Webpage(s) | https://www.fiw.at/fileadmin/Documents/Publikationen/Working_Paper/N_012-oberhofer.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
