Hunting High and Low for Vertical FDI

dc.contributor.authorDavies, Ronald B.
dc.date.accessioned2003-08-15T20:50:06Z
dc.date.available2003-08-15T20:50:06Z
dc.date.issued2002-08-01
dc.description.abstractRecently the two dominant models of foreign direct investment (FDI), the horizontal and vertical models, have been synthesized into the knowledge capital (KK) model. Empirical tests, however, have found that the horizontal model cannot be rejected in favor of the KK model. This paper suggests that this is because the empirical specifications used do not allow the vertical aspects of FDI to manifest themselves. By extending the specification, I find evidence of vertical FDI. In particular, when I use the stock of FDI as my measure of FDI activity I can reject the horizontal model in favor of the KK model and identify countries for which FDI is dominated by vertical investment.en
dc.format.extent202752 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/1794/96
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept. of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2002-12
dc.subjectKnowledge capitalen
dc.subjectHorizontal investmenten
dc.subjectVertical investmenten
dc.subjectForeign direct investmenten
dc.subjectInternational economicsen
dc.subjectTrade negotiationsen
dc.titleHunting High and Low for Vertical FDIen
dc.typeWorking Paperen

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