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Titel
Export vs. FDI: sandwich sorting with quadratic preferences / Niklas Herzig
VerfasserHerzig, Niklas
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, March 2016
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (14 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 03-2016
URNurn:nbn:de:hbz:6:2-127568 
DOI10.4119/unibi/2915591 
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Export vs. FDI: sandwich sorting with quadratic preferences [0.3 mb]
Zusammenfassung

By applying quadratic instead of CES consumer preferences in a monopolistic competition model with heterogeneous firms, this paper investigates the robustness of the conventional sort- ing of cross-border active firms, first described by Helpman, Melitz and Yeaple (2004), and finds thereby an alternative type of sorting: While (sufficiently) productive firms export and more productive ones engage in foreign direct investment (FDI), the most productive firms do not undertake FDI, but export again, establishing the so-called sandwich sorting. Evidence for this type can be observed for investment and services trade patterns.

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