000			02369cam a22003137 4500
001			w5457
003			NBER
005			20211020114155.0
006			m o d
007			cr cnu||||||||
008			210910s1996 mau fo 000 0 eng d
100	1		_aEaton, Jonathan.
245	1	0	_aJapanese and U.S. Exports and Investment as Conduits of Growth / _cJonathan Eaton, Akiko Tamura.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1996.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w5457
500			_aFebruary 1996.
520	3		_aWe develop a simple model of the choice between exploiting a technology in another country via export and via direct foreign investment. The model points to the destination country's size, level of technological sophistication, and distance from the source as factors in the decision. Moreover, it suggests that the effects of these variables may not only be nonhomogeneous but nonmonotonic as well. We use the model as a basis for estimating Japanese and U.S. exports and DFI positions around the world. Consistent with the theory we find that the importance of DFI relative to exports grows with population, although, contrary to our theory, the elasticity of DFI, as well as exports, with respect to population is less than one. We find that distance tends to inhibit DFI much less than it inhibits exports, as our theory predicts. We find some tendency for Japanese exports to rise relative to DFI as countries become more advanced with U.S. exports and DFI exhibiting the opposite tendency. Taking population, per capita income, factor endowments, and distance into account, we find Japan to be more open to U.S. exports than any region in the world except East Asia.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
700	1		_aTamura, Akiko.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w5457.
856	4	0	_uhttps://www.nber.org/papers/w5457
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w5457
942			_2ddc _cW-PAPER
999			_c342882 _d301444