Arbeitspapier
Business cycles and FDI: evidence from German sectoral data
Globalization has effected 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 real depreciation of the domestic currency.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series 1 ; No. 2005,09
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
- Thema
-
Business cycles
multinational activity
FDI
Direktinvestition
Multinationales Unternehmen
Deutsch
Konjunktur
Abwertung
Kaufkraftparität
Euro
Schätzung
Welt
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
Lipponer, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Lipponer, Alexander
- Deutsche Bundesbank
Entstanden
- 2005
Ähnliche Objekte (12)
Business Cycles and FDI: Evidence from German Sectoral Data
FDI versus cross-border financial services: The globalisation of German banks
Determinants of German FDI: New Evidence from Micro-Data
Heterogeneity in lending and sectoral growth: evidence from German bank-level data
Banking market structure and macroeconomic stability: Are low-income countries special?
International banking and liquidity risk transmission: Lessons from across countries
Volatile multinationals? Evidence from the labor demand of German firms
Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network
Clustering or competition? The foreign investment behaviour of German banks
Short-Term Capital, Economic Transformation, and EU Accession
Exports versus FDI revisited: does finance matter?
Financial constraints and the margins of FDI
Business Cycles and FDI: Evidence from German Sectoral Data
FDI versus cross-border financial services: The globalisation of German banks
Determinants of German FDI: New Evidence from Micro-Data
Heterogeneity in lending and sectoral growth: evidence from German bank-level data
Banking market structure and macroeconomic stability: Are low-income countries special?
International banking and liquidity risk transmission: Lessons from across countries
Volatile multinationals? Evidence from the labor demand of German firms
Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network
Clustering or competition? The foreign investment behaviour of German banks
Short-Term Capital, Economic Transformation, and EU Accession
Exports versus FDI revisited: does finance matter?
Financial constraints and the margins of FDI
Business Cycles and FDI: Evidence from German Sectoral Data
FDI versus cross-border financial services: The globalisation of German banks
Determinants of German FDI: New Evidence from Micro-Data
Heterogeneity in lending and sectoral growth: evidence from German bank-level data
Banking market structure and macroeconomic stability: Are low-income countries special?
International banking and liquidity risk transmission: Lessons from across countries
Volatile multinationals? Evidence from the labor demand of German firms
Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network
Clustering or competition? The foreign investment behaviour of German banks
Short-Term Capital, Economic Transformation, and EU Accession
Exports versus FDI revisited: does finance matter?