Trade costs, FDI incentives, and the intensity of price competition: Trade, FDI and intensity of competition
Trade costs, FDI incentives, and the intensity of price competition: Trade, FDI and intensity of competition
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贸易成本、FDI 激励和价格竞争强度：贸易、FDI 和竞争强度
DOI：
10.1111/ijet.12045
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发表时间：
2014
影响因子：
0.5
通讯作者：
A. Tampieri
中科院分区：
文献类型：
--
作者：
G. F. Gori;L. Lambertini;A. Tampieri
与理论预测相反，经验证据表明，贸易自由化的增加会导致外国直接投资的增加。我们利用Dastidar的方法来解释这个明显的难题，该方法提供了一个在边际成本定价之上的伯特兰-纳什均衡的连续体。我们的研究表明，考虑到更温和的价格竞争，确实可以抵消贸易成本下降所产生的标准效应，从而恢复外国直接投资激励。
Contrary to theoretical predictions, empirical evidence shows that an increase in trade liberalization causes an increase in foreign direct investment. We propose an explanation for this apparent puzzle by exploiting Dastidar's approach, which delivers a continuum of Bertrand–Nash equilibria ranging above marginal cost pricing. We show that allowing for softer price competition may indeed more than offset the standard effect generated by a decrease in trade costs, thereby restoring foreign direct investment incentives.