A Simple Theory of Multinational Corporations and Trade with a Trade-Off Between Proximity and Concentration
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This paper develops a two-sector, two-country model, where firms in a differentiated products sector choose between exporting and multinational expansion as alternative modes of foreign market penetration, based on a trade-off between proximity and concentration advantages. The differentiated sector
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美国国家经济研究局创建时间：
1993-02-01
