-concentration trade-off (in which only the most productive firms have a physical presence in foreign markets). Allowing for M&As raises …

-concentration trade-off (in which only the most productive firms have a physical presence in foreign markets). Allowing for M&As raises …

model of trade and MNE activity in which the mode of serving a market depends on the well-known proximity … quantitative finding is that a reduction in trade costs triggers much larger responses in growth rates and exit rates, for young …

Although outsourcing vs. vertical integration is generally treated as a binary choice in international trade literature …

favours openness to trade at an early stage of development, while an autocrat complying with the preferences of capitalists … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … economy attractive to foreign investors. Allowing for trade and foreign capital inflows are thus complementary policies that …