markets on the cost of macroeconomic volatility there. We find that macroeconomic volatility has a potentially large impact on … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … industries with costly capacity, the multinationals would tend to invest in the more stable emerging markets. Higher volatility …

markets on the cost of macroeconomic volatility there. We find that macroeconomic volatility has a potentially large impact on … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … industries with costly capacity, the multinationals would tend to invest in the more stable emerging markets. Higher volatility …

inward FDI contributes to economic volatility in the host country. In this paper, we investigate the FDI-output growth … volatility nexus focusing on manufacturing sectors of OECD countries over the period 1990 to 2015. We document a positive and … statistically significant relationship between inward FDI stock and sectoral output volatility. We also show that the impact of …

The recent East Asian crisis has highlighted the relationship between financial development and output volatility. In … volatility only occurs at intermediate levels of financial development; second, that whilst full financial liberalization …, including an unrestricted opening to foreign lending, can destabilize an emerging market economy, in contrast output volatility …