Banu Demir

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  • Carsten Eckely, Leonardo Iacovonez, Beata Javorcikx, Peter Neary, Matilde Bombardini, Banu Demir +2 others
  • 2010
We develop a new model of multi-product …rms which invest to improve both the quality of their individual products and of their brand. Because of ‡exible manufacturing, products closer to …rms'core competence have lower costs, so they produce more of them, and also have higher incentives to invest in their quality. These two e¤ects have opposite(More)
We introduce credit frictions motivated by moral hazard in a general equilibrium model of international trade with two dimensions of heterogeneity and endogenous investments. Firms' competitiveness consists of capabilities to conduct process and quality innovations at low costs, whereas investment outlays have to be nanced by external capital. We show that(More)
Using firm-level data of more than 17,000 firms investing in 38 developing economies we analyze the location choice of multinational enterprises (MNE). The analysis allows identification of the factors that influence the location choice of MNEs, with a focus on how the results vary across different sectors. The nested logit and conditional logit framework(More)
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