Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30691 
Full metadata record
Appears in Collections:
DC FieldValueLanguage
dc.contributor.authorYalcin, Erdalen
dc.date.accessioned2009-10-06-
dc.date.accessioned2010-05-14T08:24:05Z-
dc.date.available2010-05-14T08:24:05Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2773en
dc.subject.jelF17en
dc.subject.jelF21en
dc.subject.jelF23en
dc.subject.ddc330en
dc.subject.keywordexporten
dc.subject.keywordFDIen
dc.subject.keyworduncertain productivity growthen
dc.subject.keywordreal option approachen
dc.subject.stwInternationale Markteintrittsstrategieen
dc.subject.stwDirektinvestitionen
dc.subject.stwExporten
dc.subject.stwRealoptionen
dc.subject.stwProduktivitäten
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwTheorieen
dc.titleUncertain productivity growth and the choice between FDI and export-
dc.typeWorking Paperen
dc.identifier.ppn610041592en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
472.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.