Leader-Follower Model of Reciprocal FDI and International Trade
Leader-Follower Model of Reciprocal FDI and International Trade
复制标题
互惠 FDI 和国际贸易的领导者-追随者模型
DOI：
10.15611/aoe.2018.2.04
复制
发表时间：
2018
影响因子：
0.5
通讯作者：
A. Cieślik
中科院分区：
文献类型：
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作者：
A. Cieślik
在本文中，我们开发了一个两国的领导者-追随者互惠水平的外国直接投资（FDI）和国际贸易模型。首先，根据贸易成本和外国投资成本，确定出口和外国直接投资的必要条件。然后，我们演示了如何在短期和长期的各种类型的均衡可能会出现依赖于模型的参数的各种组合。我们的模型预测，在短期均衡中，由本国（外国）公司提供给本国市场的产出水平比长期均衡更大（更小）。因此，随着时间的推移，先发优势应该会逐渐消失。此外，我们的模型提出了几个关于贸易和投资自由化后产业总产出和价格行为的实证检验假设。
In this paper we develop a two-country leader-follower model of reciprocal horizontal foreign direct investment (FDI) and international trade. First, we identify the conditions necessary for exporting and FDI depending on trade costs and the cost of foreign investment. Then, we demonstrate how various types of equilibriums may emerge in the short run and the long run depending on various combinations of the parameters of the model. Our model predicts that in the short run equilibriums the levels of output supplied by the home (foreign) firm to the home country market are bigger (smaller) compared to the long-run equilibriums. Therefore, the first mover advantage should be gradually disappearing over time. In addition, our model suggests several empirically testable hypotheses concerning the behavior of total output and prices in the industry after trade and investment liberalization.