International Trade and Multinational Activity: Heterogeneity of Firms, Incentives for Foreign Direct Investment, and International Business Cycle Dynamics by Julian Emami Namini (Paperback, 2006)

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This study investigates the dynamic welfare effects of exposure to trade in a new trade model, which is extended by firm heterogeneity. It is analyzed under which conditions exposure to trade with firm heterogeneity increases or decreases steady state welfare of a country.