Ishida, Junichiro; Matsushima, Noriaki - Graduate School of Business Administration, Kobe University - 2005
It is often argued, though mostly informally, that outward foreign direct investment (FDI) is a synonym for the export of employment and thus detrimental to the home economy. To see whether and under what conditions this intuition indeed holds true, we construct a model of unionized duopoly and...