Katayama, Seiichi; Lahiri, Sajal; Tomiura, Eiichi - Research Institute for Economics and Business … - 2005
This paper first of all develops a theoretical model to examine a number of heterogeneous firms' choice between making export-oriented foreign direct investments (FDI) in a host country and making FDI in another country to serve the market there. It is shown that all firms below a critical level...