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Foreign direct investment (FDI) in developing countries has increased since the 1990s, but there is mixed evidence of vertical FDI associated with factor-seeking motives. This paper estimates the vertical motive of offshore production by multinational enterprises (MNEs) by exploiting past...
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Building upon [Greaney, T.M., 2005. Measuring network effects on trade: are Japanese affiliates distinctive? Journal of the Japanese and International Economies 19, 194-214], this research provides improved estimates of the impact of network effects on trade conducted by foreign affiliates...
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