A General Equilibrium Analysis of the Interplay between Foreign Direct Investment and Trade Adjustments.
The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and Asia-Pacific Economic Cooperation (APEC) countries suggests that trade and FDI exhibit a complementary relationship. In this paper, we employ a multi-region, multisectoral computable general equilibrium (CGE) model that incorporates FDI to evaluate the impact of APEC trade and investment liberalization on economic welfare and the interplay between FDI and trade adjustments.
Year of publication: |
2001
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Authors: | Lee, H. ; van der Mensbrugghe, D. |
Subject: | FOREIGN INVESTMENT | ECONOMIC MODELS | TRADE |
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Type of publication: | Book / Working Paper |
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Notes: | 26 pages |
Classification: | F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F15 - Economic Integration ; F21 - International Investment; Long-Term Capital Movements ; O53 - Asia including Middle East |
Source: |
Persistent link: https://www.econbiz.de/10005641375
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