Lo, Chu-Ping; Wu, Shih-Jye; Hsu, Su-Ying - In: China Economic Review 30 (2014) C, pp. 133-142
Why do many of the world's most productive firms prefer global outsourcing to FDI? To address this issue, this paper introduces an intermediate-good producer to Antràs and Helpman's (2004) North–South model, where the Northern firms can employ the producer via an outsourcing contract and have...