Hayakawa, Kazunobu; Tanaka, Kiyoyasu - Institute of Developing Economies, Japan External Trade … - 2011
define firms conducting HFDI or PFDI as those Japanese firms that maintain production affiliates only in the U.S. or Mexico …, respectively. The firms for CFDI are defined as having production affiliates in both the U.S. and Mexico. The theoretical … illustration shows that the CFDI firms should have the highest productivity when trade costs between the U.S. and Mexico are low …