Uncertain productivity growth and the choice between FDI and export:
The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity growth. On...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Munich
CESifo
2009
|
| Series: | CESifo working papers
2773 : Category 8, Trade policy |
| Subjects: | |
| Online Access: | Volltext Volltext |
| Summary: | The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different productivity scenarios are considered (no growth, deterministic growth, uncertain growth) and opposed to each other. The introduction of productivity growth increases the likeliness of first time market entry through FDI. If the firm is confronted with uncertain productivity growth, market entry through FDI increases even further. Uncertainty is identified as a compounding force for the derived growth effects. The findings contribute to the static general equilibrium models which neglect intertemporal selection effects. -- export ; FDI ; uncertain productivity growth ; real option approach |
| Physical Description: | 44 S. graph. Darst. |
Staff View
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| id | DE-604.BV035816293 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:05:15Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-018675129 |
| oclc_num | 643435469 |
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| owner_facet | DE-521 DE-706 DE-12 DE-19 DE-BY-UBM DE-355 DE-BY-UBR |
| physical | 44 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | CESifo |
| record_format | marc |
| series | CESifo working papers |
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| spelling | Yalçin, Erdal Verfasser (DE-588)133621030 aut Uncertain productivity growth and the choice between FDI and export Erdal Yalcin Munich CESifo 2009 44 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier CESifo working papers 2773 : Category 8, Trade policy The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different productivity scenarios are considered (no growth, deterministic growth, uncertain growth) and opposed to each other. The introduction of productivity growth increases the likeliness of first time market entry through FDI. If the firm is confronted with uncertain productivity growth, market entry through FDI increases even further. Uncertainty is identified as a compounding force for the derived growth effects. The findings contribute to the static general equilibrium models which neglect intertemporal selection effects. -- export ; FDI ; uncertain productivity growth ; real option approach Produktivitätszuwachs (DE-588)4128967-5 gnd rswk-swf Export (DE-588)4016020-8 gnd rswk-swf Direktinvestition (DE-588)4070496-8 gnd rswk-swf Produktivitätszuwachs (DE-588)4128967-5 s Export (DE-588)4016020-8 s DE-604 Direktinvestition (DE-588)4070496-8 s Erscheint auch als Online-Ausgabe CESifo working papers 2773 : Category 8, Trade policy (DE-604)BV013978326 2773 application/pdf http://www.cesifo-group.de/DocCIDL/cesifo1_wp2773.pdf Verlag kostenfrei Volltext https://www.cesifo.org/en/publikationen/2009/working-paper/uncertain-productivity-growth-and-choice-between-fdi-and-export Verlag kostenfrei Volltext |
| spellingShingle | Yalçin, Erdal Uncertain productivity growth and the choice between FDI and export CESifo working papers Produktivitätszuwachs (DE-588)4128967-5 gnd Export (DE-588)4016020-8 gnd Direktinvestition (DE-588)4070496-8 gnd |
| subject_GND | (DE-588)4128967-5 (DE-588)4016020-8 (DE-588)4070496-8 |
| title | Uncertain productivity growth and the choice between FDI and export |
| title_auth | Uncertain productivity growth and the choice between FDI and export |
| title_exact_search | Uncertain productivity growth and the choice between FDI and export |
| title_full | Uncertain productivity growth and the choice between FDI and export Erdal Yalcin |
| title_fullStr | Uncertain productivity growth and the choice between FDI and export Erdal Yalcin |
| title_full_unstemmed | Uncertain productivity growth and the choice between FDI and export Erdal Yalcin |
| title_short | Uncertain productivity growth and the choice between FDI and export |
| title_sort | uncertain productivity growth and the choice between fdi and export |
| topic | Produktivitätszuwachs (DE-588)4128967-5 gnd Export (DE-588)4016020-8 gnd Direktinvestition (DE-588)4070496-8 gnd |
| topic_facet | Produktivitätszuwachs Export Direktinvestition |
| url | http://www.cesifo-group.de/DocCIDL/cesifo1_wp2773.pdf https://www.cesifo.org/en/publikationen/2009/working-paper/uncertain-productivity-growth-and-choice-between-fdi-and-export |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT yalcinerdal uncertainproductivitygrowthandthechoicebetweenfdiandexport |