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Horizontal multinational firms, vertical multinational firms and domestic investment

Namini, Julian Emami; Pennings, Enrico - 2009

We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....

Persistent link: https://www.econbiz.de/10011377536