model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their … investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter for the …

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend … 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 …

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend … 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 …

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend … 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 …