Lochner, Stefan (contributor); Broll, Udo (contributor) - 2007
investment (FDI). While there are many reasons for firms to go multinational and probably just as many for Germany's high …' foreign capital stocks in 22 countries between 1994 and 2003. Estimating elasticities, we find that while domestic wages do … labour is abundant. Thus, although Germany's high labour costs are not the sole driver of foreign direct investment, they may …
