Transaction costs and the expansion of Third-World multinationals

Transaction costs and the expansion of Third-World multinationals

The observed pattern of South-South direct investments by LDC-based firms is examined using count-data models for Argentina and India. Transactions costs are shown to induce barriers to entering high-income markets, thus explaining the stylized facts.

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Bibliographische Detailangaben
Veröffentlicht in:Economics letters 1992, Vol.38 (4), p.451-456
1. Verfasser: Ferrantino, Michael J.
Format: Artikel
Sprache:eng
Schlagworte:
Costs
Developing countries
Multinational enterprises
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Beschreibung
Zusammenfassung:The observed pattern of South-South direct investments by LDC-based firms is examined using count-data models for Argentina and India. Transactions costs are shown to induce barriers to entering high-income markets, thus explaining the stylized facts.
ISSN:0165-1765
1873-7374
DOI:10.1016/0165-1765(92)90033-U