investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and … inter-sector linkage effects. We test the model using data on German FDI. Using panel cointegration methods, we find …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …