heterogeneityandthefdiversusexportdecision资料.pdfVIP

Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers∗ Keith Head† John Ries‡ October 28, 2003 We investigate whether productivity differences explain why some manufacturers sell only to the domestic market while others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model predicts that investors should be more productive than exporters. An extension allowing for low-cost foreign p