Egger, Peter; Pfaffermayr, Michael - 2000
-way trade and horizontal multinational activities. We present a model with three factors of production to disentangle the … twofold importance of headquarters for their affiliates into a know-how and a capital serving part (FDI). Multinationals trade … derive predictions about the impact of trade costs, plant set-up costs, relative country size and factor endowments on the …