Industry level data shows striking differences among sectors in ratios of exports to FDI sales. We identify the elements behind the sectoral differences in the mode of foreign market servicing in the context of a general equilibrium model of monopolistic competition. Our calibration exercise...

Social Accounting Matrices (SAM’s) were originally developed to assist the analysis of income distribution issues in developing countries, and now play a major role in general equilibrium analysis of regional and global trade. One emerging question is when to change from a one economy model to...