Abstract
The Journal of FinanceVolume 29, Issue 2 p. 655-676 Session Topic: International Trade And Finance: Balance of Payments And International Investment THE TRADE EFFECTS OF DIRECT INVESTMENT Michael Adler, Michael Adler Associate ProfessorSearch for more papers by this authorGuy V. G. Stevens, Guy V. G. Stevens Associate ProfessorThe authors are respectively, Associate Professor, Graduate School of Business, Columbia University and Chief, Quantitative Studies, Division of International Finance, Board of Governors of the Federal Reserve System. Financial support was provided by the U.S. Department of State and the Board of Governors of the Federal Reserve System. Neither organization shares responsibility for the opinions expressed in this paper. The authors wish to thank Stephen Preston and Walter Enders of Columbia University, who co-authored with them an antecedent study of native firm cost-functions. Arnold Gilbert of the Bureau of Economic Analysis, U.S. Department of Commerce provided invaluable assistance in programming and running regression for us on BEA's Multinational Data System. Our thanks go also to Terry Coble, Cora Flaifel and Sam Parrillo for expert research assistance.Search for more papers by this author Michael Adler, Michael Adler Associate ProfessorSearch for more papers by this authorGuy V. G. Stevens, Guy V. G. Stevens Associate ProfessorThe authors are respectively, Associate Professor, Graduate School of Business, Columbia University and Chief, Quantitative Studies, Division of International Finance, Board of Governors of the Federal Reserve System. Financial support was provided by the U.S. Department of State and the Board of Governors of the Federal Reserve System. Neither organization shares responsibility for the opinions expressed in this paper. The authors wish to thank Stephen Preston and Walter Enders of Columbia University, who co-authored with them an antecedent study of native firm cost-functions. Arnold Gilbert of the Bureau of Economic Analysis, U.S. Department of Commerce provided invaluable assistance in programming and running regression for us on BEA's Multinational Data System. Our thanks go also to Terry Coble, Cora Flaifel and Sam Parrillo for expert research assistance.Search for more papers by this author First published: May 1974 https://doi.org/10.1111/j.1540-6261.1974.tb03077.xCitations: 11 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume29, Issue2May 1974Pages 655-676 RelatedInformation
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