We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption …, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy …, a lower adoption barrier, or a stronger international technology spillover, together with a lower relative price of FDI …

Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production … in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income …

opposite tendency. Taking population, per capita income, factor endowments, and distance into account, we find Japan to be more …

region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United … endowments theory would predict, the United States tends to trade more with densely-populated countries, while Japan tends to …

based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share …

-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s …

FDI inflows into China vs. India declined. These observations are explained in the context of a simple neoclassical OLG …Lucas (1990) argues that the neoclassical adjustment process fails to explain the relative paucity of FDI inflows from … rich to poor countries. In this paper we consider a natural experiment: using China as the treated country and India as the …

Trade in business services has been attracting attention from academic researchers, policy makers, and business … in which both trade and foreign investment in services are initially banned to technically infeasible. We then compute … three counter-factual scenarios: one in which trade but not investment in services is feasible or allowed, one in which …

From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt … flows, and encouragement for portfolio flows and FDI, under a pegged exchange rate regime. Domestic institutional factors … have led to relatively little FDI and substantial portfolio flows. There has been significant tension between capital flows …

attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate …The new trade theory emphasizes the role of market-share reallocations across firms ("stealing") in driving …