Arndt, Christian; Buch, Claudia M.; Schnitzer, Monika - 2007
investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … foreign activities interact. Instead, industry-level data provide useful information on the link between domestic and foreign … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and …