Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011670698
Persistent link: https://www.econbiz.de/10011964904
We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a substitute for domestic demand. This is valid also on the macroeconomic level where the switch from the domestic market to the export market and vice versa takes place in a smooth...
Persistent link: https://www.econbiz.de/10011778973