Hayakawa, Kazunobu; Tanaka, Kiyoyasu - Institute of Developing Economies, Japan External Trade … - 2011
direct investment (HFDI), pure platform FDI (PFDI), and complex platform FDI (CFDI). Using data on Japanese outward FDI, we … illustration shows that the CFDI firms should have the highest productivity when trade costs between the U.S. and Mexico are low … consistent with this hypothesis for a period of relatively low trade costs. Our results indicate the importance of trade costs in …