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In this paper we examine the impact of the level of the exchange rate, volatility in the exchange rate and exchange … number of different estimation procedures. As regards the level of the exchange rate we find a positive relationship between …
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do more than one of those activities. In our estimation we consider the relationship between productivity all the choice …
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We contribute to the nascent literature on the heterogeneity of multinational enterprises (MNEs) and the relevance of firm characteristics for analyzing the determinants of outward foreign direct investment (FDI). The focus is on the role of firm-level heterogeneity when MNEs decide on the share...
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