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To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...
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The objective is to forecast the impact of potential Brexit scenarios on the export volume of passenger cars from … all variables significant at the 5% level. This is used for forecasting future export volumes under different Brexit … scenarios. Diagnostic tests suggest that the model is robust and efficient. All tested Brexit scenarios are found to negatively …
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surveys, on complaints by trading partners at the World Trade Organization (WTO) or notifications by companies or countries …
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