Foreign direct investment and domestic economic activity:
"How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone is inconclusive, as foreign and domestic business activities are jointly determined. This study us...
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
11717 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone is inconclusive, as foreign and domestic business activities are jointly determined. This study uses foreign GDP growth rates, interacted with lagged firm-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms. Estimates produced using this instrument for changes in foreign activity indicate that 10% greater foreign capital investment is associated with 2.2% greater domestic investment, and that 10% greater foreign employee compensation is associated with 4.0% greater domestic employee compensation. Changes in foreign and domestic sales, assets, and numbers of employees are likewise positively associated; the evidence also indicates that greater foreign investment is associated with additional domestic exports and R&D spending. The data do not support the popular notion that greater foreign activity crowds out domestic activity by the same firms, instead suggesting the reverse"--National Bureau of Economic Research web site. |
| Beschreibung: | 28, [13] S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11717 | |
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| illustrated | Illustrated |
| index_date | 2024-07-02T14:04:28Z |
| indexdate | 2024-07-09T20:36:06Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014662565 |
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| physical | 28, [13] S. graph. Darst. |
| 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 domestic economic activity Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. Cambridge, Mass. National Bureau of Economic Research 2005 28, [13] S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11717 "How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone is inconclusive, as foreign and domestic business activities are jointly determined. This study uses foreign GDP growth rates, interacted with lagged firm-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms. Estimates produced using this instrument for changes in foreign activity indicate that 10% greater foreign capital investment is associated with 2.2% greater domestic investment, and that 10% greater foreign employee compensation is associated with 4.0% greater domestic employee compensation. Changes in foreign and domestic sales, assets, and numbers of employees are likewise positively associated; the evidence also indicates that greater foreign investment is associated with additional domestic exports and R&D spending. The data do not support the popular notion that greater foreign activity crowds out domestic activity by the same firms, instead suggesting the reverse"--National Bureau of Economic Research web site. Investments, Foreign Foley, C. Fritz Verfasser (DE-588)129263060 aut Hines, James R. 1958- Verfasser (DE-588)129240516 aut Erscheint auch als Internetausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11717 (DE-604)BV002801238 11717 http://papers.nber.org/papers/w11717.pdf kostenfrei Volltext |
| spellingShingle | Desai, Mihir A. 1968- Foley, C. Fritz Hines, James R. 1958- Foreign direct investment and domestic economic activity National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Investments, Foreign |
| title | Foreign direct investment and domestic economic activity |
| title_auth | Foreign direct investment and domestic economic activity |
| title_exact_search | Foreign direct investment and domestic economic activity |
| title_exact_search_txtP | Foreign direct investment and domestic economic activity |
| title_full | Foreign direct investment and domestic economic activity Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_fullStr | Foreign direct investment and domestic economic activity Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_full_unstemmed | Foreign direct investment and domestic economic activity Mihir A. Desai ; C. Fritz Foley ; James R. Hines Jr. |
| title_short | Foreign direct investment and domestic economic activity |
| title_sort | foreign direct investment and domestic economic activity |
| topic | Investments, Foreign |
| topic_facet | Investments, Foreign |
| url | http://papers.nber.org/papers/w11717.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT desaimihira foreigndirectinvestmentanddomesticeconomicactivity AT foleycfritz foreigndirectinvestmentanddomesticeconomicactivity AT hinesjamesr foreigndirectinvestmentanddomesticeconomicactivity |