BELDERBOS, René; Kyoji, FUKAO; Keiko, ITO; LETTERIE, Wilko - Research Institute of Economy, Trade and Industry (RIETI) - 2010
This paper develops and tests a simple model of the simultaneous determination of gross fixed capital formation by multinational Japanese firms in home and host countries. We treat multinational firms as multi-product firms, choosing optimal investment locations and production scale for each...