Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks
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The paper develops a model with lumpy setup costs of new investment, which govern the flows of FDI. Foreign investment decisions are two-fold: whether to export FDI and, if so, how much. The first decision is governed by total profitability considerations, whereas the second is governed by marginal
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美国国家经济研究局创建时间：
2004-11-01
