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Autor:innen: 
Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
Kiel Working Paper No. 969
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
This paper brings forward a three-country model to analyze the internationalization process in the age of globalization. It is shown that investment of one company increases not only the incentive to invest in another country for every national competitor but for third country's companies as well. That results from the adjustment of the host country's companies which react to their shrinking market share by reducing output and raising the price of their goods. Some host country's companies exit the market. The results are used to explain the surge of foreign direct investment since the mid-1980s.
Schlagwörter: 
general equilibrium
globalization
multinational enterprises
JEL: 
F12
F21
F23
Dokumentart: 
Working Paper

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