Acknowledgements -- Preface -- Introduction "post fata resurgo" : at the origins of modern finance -- Halcyon days -- Half measures -- The impact of oil -- Full measures -- Wuthering heights -- References

Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...