| Author: | Blonigen, B. A. |
| Title: | Firm-specific assets and the link between exchange rates and foreign direct investment |
| Journal: | American Economic Review
1997 : JUN, VOL. 87:3, p. 447-465 |
| Index terms: | EXCHANGE RATES FOREIGN INVESTMENT ASSETS JAPAN USA |
| Language: | eng |
| Abstract: | The inadequacy of traditional theories of foreign direct investments (FDI) to explain the U.S. experience in inward FDI over the last 20 years has caused a new search for explanations that can naturally account for substantial short-run fluctuations in FDI flows. While both empirical and anecdotal evidence has supported a link between FDI and exchange rate movements, few formal theories for this link have been presented and previous empirical evidence has been mixed. This article tries to shed light on the relationship between exchange rate movements and FDI. |
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