Fukao, Kyoji; Izawa, Toshiyasu; Kuninori, Morio; … - Institute of Economic Research, Hitotsubashi University - 1994
This paper studies determinants of the decision to invest abroad. Among them, we follow the current mainstream theory of foreign direct investment so as to emphasize the stock of technological knowledge. We explicitly solve the optimal geographical composition(i.e. domestic vs. abroad) of the...