There are four major modes through which firms undertake foreign direct investment (FDI): merger and acquisition (M&A), joint venture, new plant, and others. The four modes of FDI are distinct from each other, and each has its own unique advantages and disadvantages. While a large and growing...

In this paper, we analyze exits from long-term sickness spells in Sweden. Using spell data for more than 2500 people, aged 20-64 years during 1986-1991, and who had at least one sickness spell of at least 60 days during 1986-1989, the aim is to analyze the transition to different states, i.e.,...

In a discrete model, the predicted probabilities of a particular event can be matched to the observed (0, I) outcomes and this will give rise to a measure of fit for that event. Previous results for the binomial model are applied to multinomial models. In these models the measure of fit will...

In a discrete model, the predicted probabilities of a particular eventcan be matched to the observed (0, I) outcomes and this will give riseto a measure of fit for that event. Previous results for the binomialmodel are applied to multinomial models. In these models the measureof fit will vary...