Fajgelbaum, Pablo; Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2011
-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We … characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more …We study patterns of FDI in a multi-country world economy. First, we present evidence for a broad sample of countries …