One of the most outstanding features of the trend toward globalization has been the increased importance of foreign direct investment (FDI) flows around the world. This study estimates the determinant of FDI flows using the gravity equation, controlling for the importance of both the traditional...

Frontmatter -- Contents -- Preface -- Part I. Introduction -- 1. Made in the World -- 2. Workhorse Models -- Part II. Location -- 3. Contracts and Export Behavior -- 4. Contracts and Global Sourcing -- 5. Contracts and Sourcing: Evidence -- Part III. Internalization -- 6. The Transaction-Cost...