Attempts to incorporate the “new forms” of foreign investment into a unified model. Uses this simple model to show how differences in production environment in particular, are likely to affect both the timing and mode(s) that any foreign investment is likely to take. The explanatory...

This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil-based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income and...

This article presents a general equilibrium model capable of assessing the impact of foreign price shocks on the real side of the oil‐based developing economies. The theoretical model departs from previous work in this area at least in that (1) the model takes into account endogenous income...