Mukherjee, Arijit; Suetrong, Kullapat - 2006
differ in technologies. Whether lower trade cost increases welfare is ambiguous, and depends on its effects on FDI. We also … show the impacts of technology licensing on FDI and welfare. Licensing substitutes FDI, and the effects of lower trade cost … are ambiguous on the home country welfare and the host country welfare in presence of licensing. Whether, for a given …