Eclectic paradigm

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The eclectic paradigm, also known as the OLI model or OLI framework (OLI stands for Ownership, Location, and Internalization), is a theory in economics. [1] [2] It is a further development of the internalization theory and published by John H. Dunning in 1979. [3] Modern trade theory incorporates this paradigm using the Grossman-Hart-Moore theory of the firm [4]

Sources

  1. 1 2 Hagen, Antje (1997). Deutsche Direktinvestitionen in Grossbritannien, 1871-1918 (Dissertation) (in German). Jena: Franz Steiner Verlag. p. 32. ISBN   3-515-07152-0.
  2. 1 2 3 4 Twomey, Michael J. (2000). A Century of Foreign Investment in the Third World (Book). Routledge. p. 8. ISBN   0-415-23360-7.
  3. Dunning, John (1979). "Toward an Eclectic Theory of International Production: Some Empirical Tests". Journal of International Business Studies. 11 (1): 9–31. doi: 10.1057/palgrave.jibs.8490593 . JSTOR   154142.
  4. Antras, Pol; Yeaple, Stephen (2014). "Multinational Firms and the Structure of International Trade". Handbook of International Economics. 4: 56–57.
  5. 1 2 3 Dunning, John H. (2000). "The eclectic paradigm as an envelope for economic and business theories of MNEactivity". International Business Review. 9 (2): 163–190. doi:10.1016/S0969-5931(99)00035-9.
  6. Gray, H. Peter (2003). "Extending the Eclectic Paradigm in International Business: Essays in Honor of John Dunning"; Edward Elgar Publishing