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SCOPUS 학술저널

Foreign Direct Investment and Host-Country Trading Blocs

Foreign Direct Investment and Host-Country Trading Blocs

We consider the impact of preferential trade agreements (PTAs) on horizontal foreign direct investment (FDI) coming from parent countries outside the PTA. While easier access to a larger market due to a PTA may justify new FDI, preexisting investments may be rationalized as firms concentrate production in a single plant in the PTA. Which effect dominates depends on the extent of pre-PTA tariff jumping. The number of firms in the industry and non-PTA welfare may rise or fall. PTA welfare increases regardless of PTA-induced changes in inward FDI.

Ⅰ. Introduction

Ⅱ. The General Model

Ⅲ. Solving the Model

Ⅳ. Conclusions

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