increases in investment that are followed by rapid declines. This investment response contrasts with the empirical evidence that … suggests a rather hump-shaped investment behavior. In this paper, I present a two-country general equilibrium model that … generates hump-shaped investment responses from labor market frictions. In the model, I decompose investment into tradable and …

The Investment Development Path (IDP) hypothesis holds that a country's net outward direct investment position is … differentiation associated with high advertising expenditures. -- Outward FDI ; Investment Development Path ; Ireland …