Alfaro, Laura; Charlton, Andrew - London School of Economics (LSE) - 2007
foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to …-industry’ vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible … production giving rise to a class of high-skill intra-industry vertical FDI. …