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Gains from FDI Inflows with Incomplete Information

出版	National Bureau of Economic Research, 2002
URL	http://books.google.com.hk/books?id=MkSyAAAAIAAJ&hl=&source=gbs_api

註釋The paper develops an international macroeconomic model of FDI flows with a unique feature: a hands-on management ability to react in real time to changing economic environments. Anticipating this advantage, foreign direct investors can outbid other investors in a certain industry in which they specialize in the source country. The model can explain both two-way FDI flows among developed countries and one-way FDI flows from developed to developing country. The unique gains from FDI to the host country stem from the increased eciency of domestic investment.