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"We use firm-level data for U.S. multinational enterprises (MNE) and the model of firm heterogeneity first presented in Helpman, Melitz, and Yeaple (2004) to make four empirical contributions. First, we show that the most productive U.S. firms invest in a larger number of foreign countries and...
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In this paper I discuss six special features of China's trade and direct investment. These characteristics include an … dominant mode of investment. As a developing economy, China is unusual in playing two important roles for the United States and … growing market. Japanese and U.S. affiliates located in China typically sell about half or more of their products produced in …
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