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a major risk for potential investors. High entry barriers lead to weak competition. Reducing the role of the state in … the economy and WTO membership should be viewed as opportunities to strengthen competition, and hence provide incentives …
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We analyze the influence of endogenous competitiveness on multinational activity. Competitiveness is endogenized by assuming that firms differ on R&D commitment power, i.e.: some firms are leaders in R&D. We show that firms with higher commitment power tend to invest more in R&D and consequently...
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This paper develops a theory of strategic vertical DFI (direct foreign investment) to suggest an explanation for the …-haven effects based on environmental compliance costs might be complicated by such strategic behaviour. The theory provides … particular implications for the empirical research in this area and some broader implications for the theory of DFI. …
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This paper develops a theory of strategic vertical DFI (direct foreign investment) to suggest an explanation for the …-haven effects based on environmental compliance costs might be complicated by such strategic behaviour. The theory provides … particular implications for the empirical research in this area and some broader implications for the theory of DFI …
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