Kristjánsdóttir, Helga - Economic Policy Research Unit (EPRU), Økonomisk Institut - 2005
factor proportions hypothesis has been a dominant explanation of multinational ac-
tivity within conventional trade … resource
based host country like Iceland. Thus, this is akin to the empirical trade literature
that found it necessary to bring … for
trade costs and investment costs are included in the model. The motivation for
including variables for trade and …