Foreign direct investment (FDI) plays an important role in development strategies in developing countries. In particular, policy makers in developing countries and development agencies alike believe that FDI is growth enhancing, as suggested by their policy stand (in particular, promoting...

While a fast-growing body of research has looked at how the advent anddiffusion of e- commerce has affected prices, much less work hasinvestigated e-commerce's impact on the number and type of firmsoperating in an industry. This paper theoretically and empirically takesup the question of which...