Export Versus FDI with Heterogeneous Firms
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Abstract
Multinational sales have grown at high rates over the last two decades, outpacing the remark-able expansion of trade in manufactures. Con-sequently, the trade literature has sought to incorporate the mode of foreign market access into the “new ” trade theory. This literature rec-ognizes that firms can serve foreign buyers through a variety of channels: they can export their products to foreign customers, serve them through foreign subsidiaries, or license foreign firms to produce their products. Our work focuses on the firm’s choice be-tween exports and “horizontal ” foreign direct investment (FDI). Horizontal FDI refers to an investment in a foreign production facility that
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The record
- Venue
- American Economic Review
- Topic
- Global trade and economics
- Field
- Economics, Econometrics and Finance
- Canadian institutions
- Canadian Institute for Advanced Research
- Funders
- —
- Keywords
- EconomicsForeign direct investmentInternational economicsInternational tradeMonetary economicsMacroeconomics
- Has abstract in OpenAlex
- yes