期刊名称：Equilibrium. Quarterly Journal of Economics and Economic Policy
印刷版ISSN：1689-765X
电子版ISSN：2353-3293
出版年度：2016
卷号：11
期号：2
页码：189-218
DOI：10.12775/EQUIL.2016.009
语种：English
出版社：Institute of Economic Research
摘要：In this paper we study the choice between exporting and foreign direct investment (FDI) in the Smith-Motta duopoly framework. First, we identify the conditions necessary for exporting and FDI, depending on the costs of exporting and the cost of foreign investment. Then, we discuss various proximity concentration tradeoffs. Finally, we demonstrate that six possible types of equilib_x005f?riums may emerge depending on various combinations of the key parameters of the model. These equilibriums include: a monopoly FDI equilibrium, a monopoly ex?porting equilibrium, a domestic monopoly equilibrium, a duopoly FDI equilibrium, a duopoly exporting equilibrium, and no entry equilibrium.
关键词：exporting; foreign direct investment; proximity-concentration tradeoff
