Dong, Quan; Bárcena-Ruiz, Juan Carlos; Garzón, María … - 2023
This paper examines whether a Northern firm prefers to export or to engage in FDI to serve the South. If the firm … firm engages in FDI, allowing piracy in its home market, and the South obtains the greater welfare; (ii) If the Southern … market is small enough the Northern firm exports and the government of the South imposes a strong Intellectual Property …