Foreign Direct Investment and Exchange Rate Regimes
Copyright policy )Foreign Direct Investment and Exchange Rate Regimes
The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for developing countries. There is thus no general and uniform impact of stable exchange rates on FDI. We provide several possible explanations for this difference.
- Tio Business School Netherlands
- University of Niš Serbia
- University of Siegen Germany
- Ifo Institute for Economic Research Germany
- Philipps-University of Marburg Germany
Multinational Enterprises, 330, Economics, Foreign Direct Investment, Multinational Enterprises, Exchanges Rate Regimes, foreign direct investment, Wechselkurssystem, Industriestaaten, O24, exchanges rate regimes, multinational enterprises, Foreign Direct Investment,Multinational Enterprises,Exchanges Rate Regimes, ddc:330, Exchanges Rate Regimes, Wirtschaft, Direktinvestition, Internationale Wirtschaftsbeziehungen, Foreign Direct Investment, foreign direct investment, multinational enterprises, exchanges rate regimes, F21, Entwicklungsländer, F23, Vergleich, Schätzung, jel: jel:F21, jel: jel:F23, jel: jel:O24, jel: jel:F2
Multinational Enterprises, 330, Economics, Foreign Direct Investment, Multinational Enterprises, Exchanges Rate Regimes, foreign direct investment, Wechselkurssystem, Industriestaaten, O24, exchanges rate regimes, multinational enterprises, Foreign Direct Investment,Multinational Enterprises,Exchanges Rate Regimes, ddc:330, Exchanges Rate Regimes, Wirtschaft, Direktinvestition, Internationale Wirtschaftsbeziehungen, Foreign Direct Investment, foreign direct investment, multinational enterprises, exchanges rate regimes, F21, Entwicklungsländer, F23, Vergleich, Schätzung, jel: jel:F21, jel: jel:F23, jel: jel:O24, jel: jel:F2
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