Foreign Direct Investment and Exports with Growing Demand |
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A+ a A+ A+ a f(a)da Appendix calculated CEPR Comparative statics Consider corner solution cost of exporting decreases demand growth demand is growing demand stops growing demand uncertainty Discussion Papers dynamics enter the market European Central Bank exceeds export its product exports and FDI exports and investments Əx/Əb FDI and exports first-order conditions fixed cost follows Foreign Direct Investment foreign market Goswell Road H₁ H₂ H₁(X H₂(X increase inequality initial FDI interior point interior solution invested capacity level of exports linear demand Macroeconomics marginal cost maximizer move the solution multinational numerator obtain optimal exports optimal solution parameters payoff period positive post-entry stage pre-entry stage productive capacity Proposition seller finds serving the market statics with respect stylized facts subscription tends to move terminal value Toyota uncertainty and irreversibility value function X+x+y zero ән მე