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is that they ignore the importance of export oriented FDI. A multinational's foreign affiliate is likely to operate in … both the host country and local export markets. This tendency is magnified when considering FDI within a customs union such … Investment (FDI). A survey of past studies on this topic yields negative, positive, and indeterminate effects. Furthermore, the …
Persistent link: https://www.econbiz.de/10014065528
We investigate the effect of uncertainty on investment. We employ a unique dataset of 25000 Greek firms' balance sheets … uncertainty. The investment performance of 14 sectors is examined within a dynamic investment model. Robust GMM estimates of the … investment rate model reveal a high degree of heterogeneity among these sectors. Overall uncertainty affects negatively …
Persistent link: https://www.econbiz.de/10012063228
We investigate the effect of uncertainty on investment. We employ a unique dataset of 25000 Greek firms' balance sheets … uncertainty. The investment performance of 14 sectors is examined within a dynamic investment model. Robust GMM estimates of the … investment rate model reveal a high degree of heterogeneity among these sectors. Overall uncertainty affects negatively …
Persistent link: https://www.econbiz.de/10012060122
In light of the recent discussion regarding the measurement of uncertainty and its impact on economic activity, this … paper derives forward-looking measures of uncertainty and directional expectations for the CHF/EUR exchange rate based on … uncertainty spillovers from the Eurozone. The resulting time series serves as a forwardlooking measure of exchange rate …
Persistent link: https://www.econbiz.de/10011946988
has a stronger effect on volatility than a similar change in firms' export intensity. We also uncover evidence consistent … economic uncertainty. …
Persistent link: https://www.econbiz.de/10011405146
In this companion paper to Broll and Mukherjee (2017), we empirically analyse how exchange rate volatilities affect firms optimal production and exporting decisions. The firms elasticity of risk aversion determines the direction of the impact of exchange rate risk on exports. Based on a flexible...
Persistent link: https://www.econbiz.de/10011638802
Persistent link: https://www.econbiz.de/10009779163
This paper investigates the impact of price and real exchange rate volatility on Foreign Direct Investment (FDI … statistically significant negative effect of exchange rate volatility on FDI is found. Price volatility, instead, turns out to be …
Persistent link: https://www.econbiz.de/10011649289
international trade and foreign direct investment (FDI) in developing countries along “One Belt and One Road”. We selected seven … a fixed effect model to analyze the relationship of exchange rate volatility with international trade and FDI. The … results of this paper revealed that exchange rate volatility affects both international trade and FDI significantly but …
Persistent link: https://www.econbiz.de/10011964012
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the … and the distribution of outward FDI stocks among these countries. The results reveal a complementarity between trade and …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10011372974