Real exchange-rate uncertainty and US foreign direct investment: an empirical analysis
Abstract: This paper empirically analyzes the impact of exchange-rate uncertainty, exchange-rate movements, and expectations on foreign direct investment (FDI). Using data on US outward FDI for the period 1984–2004 we examine two competing measures of exchange-rate volatility. While the standard measure yields a discouraging effect on FDI outflows in all industries the alternative risk specification reveals a clear distinction between manufacturing and non-manufacturing industries, with the latter showing a positive correlation with increased exchange risk. A real appreciation of host-country currency was associated with higher FDI flows, while expectations about an appreciation showed a negative result
- Standort
-
Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
-
Online-Ressource
- Sprache
-
Englisch
- Anmerkungen
-
Postprint
begutachtet (peer reviewed)
In: Review of World Economics ; 145 (2009) 3 ; 513-530
- Klassifikation
-
Wirtschaft
- DOI
-
10.1007/s10290-009-0024-3
- URN
-
urn:nbn:de:0168-ssoar-203251
- Rechteinformation
-
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
-
15.08.2025, 07:27 MESZ
Datenpartner
Deutsche Nationalbibliothek. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Beteiligte
- Schmidt, Christian W.
- Broll, Udo
Entstanden
- 2009
Ähnliche Objekte (12)
Real exchange-rate uncertainty and US foreign direct investment: an empirical analysis
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign Direct Investment and Exchange Rate Regimes
Strategic vertical foreign investment under exchange rate uncertainty
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment and cost uncertainty: Correlation and learning effects
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment in Ukraine
Foreign direct investment in Ukraine
Globalization and Foreign Direct Investments
Real exchange-rate uncertainty and US foreign direct investment: an empirical analysis
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign Direct Investment and Exchange Rate Regimes
Strategic vertical foreign investment under exchange rate uncertainty
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment and cost uncertainty: Correlation and learning effects
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment in Ukraine
Foreign direct investment in Ukraine
Globalization and Foreign Direct Investments
Real exchange-rate uncertainty and US foreign direct investment: an empirical analysis
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign direct investment and exchange rate regimes
Foreign Direct Investment and Exchange Rate Regimes
Strategic vertical foreign investment under exchange rate uncertainty
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment and cost uncertainty: Correlation and learning effects
Option Value, Policy Uncertainty, and the Foreign Direct Investment Decision
Foreign direct investment in Ukraine
Foreign direct investment in Ukraine