Lochner, Stefan; Broll, Udo - 2007
investment (FDI). While there are many reasons for firms to go multinational and probably just as many for Germany's high … a theoretical model for an econometric analysis examining the determinants of FDI using panel data of German firms …' foreign capital stocks in 22 countries between 1994 and 2003. Estimating elasticities, we find that while domestic wages do …