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Exports and Foreign Investment in the Pharmaceutical Industry

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  • Robert E. Lipsey
  • Merle Yahr Weiss

Abstract

The relationship between direct investment and trade has always been recognized as one of the most difficult aspects of the study of multinational companies and their impact on their own countries and their affiliates' host countries. We cannot solve the fundamental dilemma of the inability to run controlled experiments to determine what would happened in a given instance without direct governmental investment, but we have assembled a better set of data than was available to previous studies. From these we hope to narrow the range of plausible assumptions and, from there on, the range of plausible conclusions. This paper describes some experiments with our data set on a single industry: pharmaceuticals.

Suggested Citation

  • Robert E. Lipsey & Merle Yahr Weiss, 1975. "Exports and Foreign Investment in the Pharmaceutical Industry," NBER Working Papers 0087, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:0087
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    Cited by:

    1. J. Weinblatt & Robert E. Lipsey, 1980. "A Model of Firms' Decisions to Export or Produce Abroad," NBER Working Papers 0511, National Bureau of Economic Research, Inc.
    2. Lipsey, Robert E. & Ramstetter, Eric & Blomström, Magnus, 2000. "Outward FDI and Home Country Exports: Japan, the United States, and Sweden," SSE/EFI Working Paper Series in Economics and Finance 369, Stockholm School of Economics.
    3. Kravis, Irving B. & Lipsey, Robert E., 1982. "The location of overseas production and production for export by U.S. multinational firms," Journal of International Economics, Elsevier, vol. 12(3-4), pages 201-223, May.

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