Comment on “Revisiting Exports and Foreign Direct Investment in Vietnam”
نویسندگان
چکیده
منابع مشابه
Foreign Direct Investment, Exports and Aggregate Productivity
Empirical evidence confirms that trade exposure can shift resources towards the most efficient firms in an industry and induce substantial increases in aggregate productivity. Although recent studies document that much of world trade is controlled by multinational firms, few examine the effect of foreign direct investment decisions on resource allocation and aggregate productivity. This paper p...
متن کاملForeign Direct Investment, Exports & Aggregate Productivity
Empirical evidence confirms that trade exposure can shift resources towards the most efficient firms in an industry and induce substantial increases in aggregate productivity. Although recent studies document that much of world trade is controlled by multinational firms, few examine the effect of foreign direct investment decisions on resource allocation and aggregate productivity. This paper p...
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We explore entry into a foreign market with uncertain demand growth. A multinational can serve the foreign demand by two modes, or by a combination thereof: it can export its product, or it can create productive capacity via Foreign Direct Investment. The advantage of FDI is that it allows lower marginal cost than exports. The disadvantage is that FDI is irreversible and, hence, entails the ris...
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ژورنال
عنوان ژورنال: Asian Economic Policy Review
سال: 2011
ISSN: 1832-8105
DOI: 10.1111/j.1748-3131.2011.01188.x