investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of … imitation, which, in turn, increases the flow of FDI. The increase in FDI more than offsets the decline in production undertaken …

neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs … relationship between trade and FDI and growth. In this review, we find little evidence that countries benefit from "hard …" interventions that distort prices to deal with Marshallian externalities, learning-by-exporting, and knowledge spillovers from FDI …

Inward and outward direct investment (FDI) stocks and flows tend to go together, across countries and over time. The … countries that invest extensively abroad are usually also large recipients of FDI. There is little evidence that flows of FDI … primary role of FDI. FDI transfers the ownership of existing productive assets from one set of owners to others willing to pay …

pattern of trade in goods can reverse when FDI is permitted, and (3) the optimal tax on FDI (which we do not advocate as a …