Foreign Direct Investment as a Catalyst for Industrial Development.
How does a foreign direct investment (FDI) project affect local firms in the same industry? Competition in the product and factor markets tends to reduce profits of local firms, but linkage effects to supplier industries may reduce input costs and raise profits. This paper develops an analytical fra...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1999
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