Co, Catherine Yap - In: International Review of Economics & Finance 19 (2010) 2, pp. 260-277
Bivariate Tobit gravity regressions using 2000-2007 US trade data show that US-based firms take advantage of positive forces (e.g., economic freedom) operating in foreign markets more through affiliates than third parties. Likewise, transactions with affiliates are deterred a lot more by...