A political economy theory of foreign investment: An alternative approach

Shumpei Takemori, Masatoshi Tsumagari

研究成果: Article査読

3 被引用数 (Scopus)

抄録

The present paper uses the political economy model developed by Grossman and Helpman and studies the equilibrium of a game between the two countries; the home country, which exercises the trade policy for maximizing its objective function, and the foreign country, which controls the level of its capital export for the similar purpose. It is shown that if the production costs of the two countries are identical, the equilibrium of the game in which the two countries make simultaneous move will very likely achieve free trade.

本文言語English
ページ(範囲)515-531
ページ数17
ジャーナルJapan and The World Economy
9
4
DOI
出版ステータスPublished - 1997 12月

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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