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dc.contributor.authorYalcin, Erdalen_US
dc.date.accessioned2009-10-06en_US
dc.date.accessioned2010-05-14T08:24:05Z-
dc.date.available2010-05-14T08:24:05Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30691-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2773en_US
dc.subject.jelF17en_US
dc.subject.jelF21en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordexporten_US
dc.subject.keywordFDIen_US
dc.subject.keyworduncertain productivity growthen_US
dc.subject.keywordreal option approachen_US
dc.subject.stwInternationale Markteintrittsstrategieen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwExporten_US
dc.subject.stwRealoptionen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwTheorieen_US
dc.titleUncertain productivity growth and the choice between FDI and exporten_US
dc.typeWorking Paperen_US
dc.identifier.ppn610041592en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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