Lee, Yi; Chyi, Yih-Luan; Lin, Eric S.; Wu, Shih-Ying - In: The Journal of International Trade & Economic Development 22 (2013) 6, pp. 839-865
This article examines the impacts of industrial agglomeration and outward foreign direct investment (OFDI) on the total factor productivity (TFP) of Taiwanese firms. A vertical FDI-based model of heterogeneous firms is proposed to analyze how agglomeration economies and technology...