Cost heterogeneity and the destination of Japanese foreign direct investment: A theoretical and empirical analysis

被引：0

作者：

Katayama, Seiichi ^{[2
]}

Lahiri, Sajal ^{[1
]}

Tomiura, Eiichi ^{[3
]}

机构：

[1] So Illinois Univ, Dept Econ, Carbondale, IL 62901 USA

[2] Aichi Gakuin Univ, Fac Business & Commerce, Iwasaki, Nisshin 4700195, Japan

[3] Yokohama Natl Univ, Dept Econ, Yokohama, Kanagawa 2408501, Japan

来源：

JAPAN AND THE WORLD ECONOMY | 2011年 / 23卷 / 03期

关键词：

Cost heterogeneity; Oligopoly; Foreign direct investment; Export-oriented FDI; FDI destination; INTERNATIONAL-TRADE; MULTINATIONAL-FIRM; TAX COMPETITION; EXPORT; FDI; ACQUISITIONS; LOCATION; DECISION; TAXATION; MERGERS;

D O I：

10.1016/j.japwor.2011.02.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper first of all develops a Cournot oligopolistic model with heterogeneous firms to examine each firm's choice between export-oriented foreign direct investments (FDI) and FDI to serve the host-country market. It is shown that there exist a critical level of efficiency such that all firms below that level choose the former and those above it the latter. The hypothesis is tested using firm-level data on 118,300 Japanese firms covering the entire manufacturing sector. Multinomial logit estimates strongly support our theoretical findings. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：170 / 177

页数：8

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