In this paper we examine the impact of the level of the exchange rate, volatility in the exchange rate and exchange rate expectations on outward US foreign direct investment in 12 developed countries and inward foreign direct investment to the USA from those countries for the period from 1983 to...

Previous research (on countries other than the UK) finds better-performing firms to be more likely to export. We test this hypothesis for UK firms. The relationship between exporting and firm variables is significantly different for firms that have experienced a major innovation ("innovating...

This paper estimates the cross-price elasticity of exports with respect to investment costs for bilateral relations between the US and 35 partner countries. We show that the relationship depends on country characteristics as predicted by the Markusen et al. (1996) model. When countries differ in...