Exports versus FDI ∗

  title={Exports versus FDI ∗},
  author={Elhanan Helpman and Marc J. Melitz and Stephen R. Yeaple},
  • Elhanan Helpman, Marc J. Melitz, Stephen R. Yeaple
  • Published 2002
Multinational sales have grown tremendously in the last two decades. Growth of these sales has even outpaced the remarkable expansion of trade in manufactures. Consequently, the trade literature has sought to incorporate the mode of foreign market access into the “new” trade theory. This literature recognizes that Þrms can service foreign buyers through a variety of channels: they can export their products to foreign customers; serve them through foreign subsidiaries by engaging in foreign… CONTINUE READING


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