Fukao, Kyōji (contributor); Ishido, Hikari (contributor); … - 2003
that conducts manufacturing activities in both the
countries. We assume that firms incur a fixed cost (M) to become a … firms in the developing economy (country f). That is, the fixed cost for country h
firm (M
h
) is lower than that for ….2. Trade Patterns Under High FDI Costs and Low Trade Costs
Let us first study a situation in which the fixed cost of FDI, M
h …