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The decision over exports vs. foreign direct investment (FDI) is usually discussed in an extension of the so-called Melitz model where firms with heterogeneous costs compete in a monopolistically competitive industry. The present paper starts from a situation where a potential foreign entrant...
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Rapid changes in technology, integration and specialization of individual economies reinforce trade motives and the … consequences of integration into the world trade system. The Visegrad countries (Czech Republic, Hungary, Poland and Slovakia) have …. Developments in the trade in services in these countries indicate changes in the business environment, firms and the challenge of …
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trade: an expansion in new destination market is associated to higher liquidity levels. In particular, liquidity is mainly …
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