A General Equilibrium Analysis of the Interplay between Foreign Direct Investment and Trade Adjustments
The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and Asia-Pacific Economic Cooperation (APEC) countries suggests that trade and FDI exhibit a complementary relationship. In this paper, we employ a multi-region, multisectoral computable general equilibrium (CGE) model that incorporates FDI to evaluate the impact of APEC trade and investment liberalization on economic welfare and the interplay between FDI and trade adjustments.
|Date of creation:||Mar 2001|
|Date of revision:||Jul 2001|
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- James R. Markusen & Thomas F. Rutherford & David Tarr, 2000.
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NBER Working Papers
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NBER Working Papers
5858, National Bureau of Economic Research, Inc.
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- Terrie L. Walmsley, 1999. "Incorporating International Capital Ownership into the GTAP Model: Results for Asia-Pacific Trade Liberalisation," Centre of Policy Studies/IMPACT Centre Working Papers ip-72, Victoria University, Centre of Policy Studies/IMPACT Centre.
- George Verikios & Xiao-guang Zhang, 2004. "The Economic Effects of Removing Barriers to Trade in Telecommunications," The World Economy, Wiley Blackwell, vol. 27(3), pages 435-458, 03.
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