others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model … reverse this prediction. Data for 1070 large Japanese firms reveal that firms that invest abroad and export are more … productive than firms that just export. Among overseas investors, more productive firms span a wider range of host-country income …

Case studies of export behavior suggest that firms who penetrate foreign markets reduce entry costs for other potential … associated with one firm's export activity reduce the cost of foreign market access for other firms. We identify two potential … sources of spillovers: export activity in general and the specific activities of multinational enterprises. We use a simple …

aggregate export and FDI sales relative to the domestic and foreign market sizes. In particular, it is shown that firm level … heterogeneity is an important determinant of relative export and FDI flows. We use the model to derive testable empirical … predictions on the relative aggregate export and FDI sales in a given country for a given sector based both on relative costs and …

manufacturers: (1) Firms differ substantially in export participation, with most selling only at home; (2) The number of firms … of 16 industries we find little variation in these patterns. We propose that any successful model of trade and market …

likely to serve as source for FDI exports than their characteristics project export lower flow of FDI than is predicted by … whether to invest at all) and the FDI flow equation (the decision how much to invest). We find that countries which are more …

This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the … ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are … stronger for destinations with higher trade costs and not driven by variation in firm size or by other sector determinants of …

takeovers. Direct investments in acquisitions and new establishments thus tend to flow in the same direction as trade. They …

Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …