Foreign direct investment and the domestic capital stock:
"This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11075 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story, however: years in which American multinational firms have greater foreign capital expenditures coincide with greater domestic capital spending by the same firms. One dollar of additional foreign capital spending is associated with 3.5 dollars of additional domestic capital spending in the time series, implying that foreign and domestic capital are complements in production by multinational firms. This effect is consistent with cross sectional evidence that firms whose foreign operations expand simultaneously expand their domestic operations, and suggests that interpretation of the OECD cross sectional evidence may be confounded by omitted variables"--National Bureau of Economic Research web site. |
| Beschreibung: | 13 S. |
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| id | DE-604.BV019889580 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T20:08:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013213608 |
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| physical | 13 S. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Desai, Mihir A. 1968- Verfasser (DE-588)128956798 aut Foreign direct investment and the domestic capital stock Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. Cambridge, Mass. National Bureau of Economic Research 2005 13 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11075 "This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story, however: years in which American multinational firms have greater foreign capital expenditures coincide with greater domestic capital spending by the same firms. One dollar of additional foreign capital spending is associated with 3.5 dollars of additional domestic capital spending in the time series, implying that foreign and domestic capital are complements in production by multinational firms. This effect is consistent with cross sectional evidence that firms whose foreign operations expand simultaneously expand their domestic operations, and suggests that interpretation of the OECD cross sectional evidence may be confounded by omitted variables"--National Bureau of Economic Research web site. Ökonometrisches Modell Investments Econometric models Investments, Foreign Foley, C. Fritz Verfasser (DE-588)129263060 aut Hines, James R. 1958- Verfasser (DE-588)129240516 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11075 (DE-604)BV002801238 11075 http://papers.nber.org/papers/w11075.pdf kostenfrei Volltext |
| spellingShingle | Desai, Mihir A. 1968- Foley, C. Fritz Hines, James R. 1958- Foreign direct investment and the domestic capital stock National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Investments Econometric models Investments, Foreign |
| title | Foreign direct investment and the domestic capital stock |
| title_auth | Foreign direct investment and the domestic capital stock |
| title_exact_search | Foreign direct investment and the domestic capital stock |
| title_full | Foreign direct investment and the domestic capital stock Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_fullStr | Foreign direct investment and the domestic capital stock Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_full_unstemmed | Foreign direct investment and the domestic capital stock Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_short | Foreign direct investment and the domestic capital stock |
| title_sort | foreign direct investment and the domestic capital stock |
| topic | Ökonometrisches Modell Investments Econometric models Investments, Foreign |
| topic_facet | Ökonometrisches Modell Investments Econometric models Investments, Foreign |
| url | http://papers.nber.org/papers/w11075.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT desaimihira foreigndirectinvestmentandthedomesticcapitalstock AT foleycfritz foreigndirectinvestmentandthedomesticcapitalstock AT hinesjamesr foreigndirectinvestmentandthedomesticcapitalstock |