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| Author: | Rob, R. Vettas, N. |
| Title: | Foreign direct investment and exports with growing demand |
| Journal: | Review of Economic Studies
2003 : JUL, VOL. 70:3(244), p. 629-648 |
| Index terms: | Investments Exports Demand |
| Language: | eng |
| Abstract: | The authors explore entry into a foreign market with uncertain demand growth. A multinational can serve the foreign demand by two modes, or by a combination thereof: it can export its product, or it can create productive capacity via foreign direct investment (FDI). The presence of demand uncertainty and irreversibility gives rise to an interior solution, where the multinational, under certain conditions, both exports its products and does FDI. |
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