ALBA, JOSEPH D.; WANG, PEIMING; PARK, DONGHYUN - In: The Singapore Economic Review (SER) 55 (2010) 04, pp. 733-747
We examine the impact of exchange rates on foreign direct investment (FDI) inflows into the United States in the context of a model that allows for the interdependence of FDI over time. Interdependence is modeled as a two-state Markov process where the two states can be interpreted as either a...