Arbeitspapier
Business Cycles and FDI: Evidence from German Sectoral Data
Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign activities are affected by business cycle developments. We aggregate the data by the sector of the reporting firm, the sector of the foreign affiliate, and the host country. Data are annual and cover the period 1989- 2002. We find that German outward FDI increases in response to positive cyclical developments abroad and in response to a depreciation of the domestic currency.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1245
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
- Thema
-
business cycles
multinational activity
FDI
panel regressions
Direktinvestition
Multinationales Unternehmen
Deutsch
Konjunktur
Abwertung
Kaufkraftparität
Euro
Schätzung
Welt
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
Lipponer, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Lipponer, Alexander
- Kiel Institute for World Economics (IfW)
Entstanden
- 2005
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Grußwort
Business cycles and FDI: evidence from German sectoral data
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Who Goes East? The Impact of Enlargement on the Patterns of German FDI
Economic Integration and FDI in Transition Economies: What Can We Learn from German Data?
FDI and Domestic Investment: An Industry-Level View
What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
Grußwort
Business cycles and FDI: evidence from German sectoral data
International Bank Portfolios: Short- and Long-Run Responses to the Business Cycles
Business Cycle Volatility and Globalization: A Survey
Exchange rates and FDI: Goods versus capital market frictions
FDI versus cross-border financial services: The globalisation of German banks
Who Goes East? The Impact of Enlargement on the Pattern of German FDI
Who Goes East? The Impact of Enlargement on the Patterns of German FDI
Economic Integration and FDI in Transition Economies: What Can We Learn from German Data?
FDI and Domestic Investment: An Industry-Level View
What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks
Information or Regulation: What Is Driving the International Activities of Commercial Banks?