Hwangbo, Kyoung; Kim, Young-Han - In: Economic Modelling 35 (2013) C, pp. 493-501
) deteriorates the host countries' welfare, this paper examines the impact of policy competition for FDI on social welfare … the policy competition for FDI between highly integrated economies deteriorates host countries' welfare, as supported by … equilibrium where a multinational firm relocates to a less efficient country. Moreover, we demonstrate that the policy competition …