Kashcheeva, Mila; Tsui, Kevin K. - Institute of Developing Economies, Japan External Trade … - 2014
macro evidence, we first show that individual firms diversify their oil imports politically, even after controlling for … unobserved firm heterogeneity. We conjecture that the political pattern of oil imports from these individual firms is driven by … market can adjust their imports immediately, vertically-integrated firms with investment overseas tend to commit to term …