Fukao, Kyōji (contributor); Wei, Yuhong (contributor) - 2008
approach
divides FDI into three different models: a “horizontal model,” a “vertical model,” and a
“knowledge capital model … FDI
into a single framework Markusen et al. (1996) and Markusen (2002), for example, proposed a
“knowledge-capital model …,” which was tested by Carr, Markusen and Maskus (2001). The
knowledge-capital model allows for both vertical and horizontal …