Ishida, Junichiro; Matsushima, Noriaki - 2009
It is often argued, though mostly informally, that outward foreign direct investment (FDI) is a synonym for the export … holds true, we construct a model of unionized duopoly and examine welfare implications of outward FDI by paying special … attention to the role of domestic competition. We find that the welfare effect of FDI is largely non-monotonic, and there are …