model. We show that this result hinges on a cointegrating relationship between TFP and stock prices that is not stationary …, thus making the estimates not reliable. If we alter the TFP measure and change the model specification, we can recover the …

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 …

While existing literature points to a positive impact of FDI on host countries’ growth, little is known about how … inward FDI contributes to economic volatility in the host country. In this paper, we investigate the FDI-output growth … statistically significant relationship between inward FDI stock and sectoral output volatility. We also show that the impact of …