The Theory of Endowment, Intra-industry and Multi-national Trade.
We develop a monopolistic-competition model of international trade which includes positive trade costs and endogenous multinational firms. We demonstrate how the presence of trade costs changes the pattern of trade, creates incentives for factor mobility which may lead to agglomeration of activity i...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2000
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