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In Search of Substitution Between Foreign Production and Exports

Blonigen, Bruce A. - National Bureau of Economic Research (NBER) - 1999

Are foreign production and exports substitutes or complements? The continuing globalization of production makes the question of the relationship between trade and foreign direct investment ever more important. Standard theory of the multinational corporation (MNC) assumes substitution, while...

Persistent link: https://www.econbiz.de/10005778056

Foreign Ownership and Firm Performance: Emerging-Market Acquisitions in the United States

Chari, Anusha; Dominguez, Kathryn M. E.; Chen, Wenjie - National Bureau of Economic Research (NBER) - 2009

This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...

Persistent link: https://www.econbiz.de/10005778308

Measuring the Impacts of FDI in Central and Eastern Europe

Lipsey, Robert E. - National Bureau of Economic Research (NBER) - 2006

The impacts of inward FDI on host countries are frequently studied using balance-of-payments based measures of flows … and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI …. The mismeasurement is particularly important if trade openness, often associated with FDI, is treated as a control …

Persistent link: https://www.econbiz.de/10005778319

Institutions and Foreign Investment: China versus the World

Morck, Randall; Fan, Joseph P.H.; Xu, Lixin Colin; … - National Bureau of Economic Research (NBER) - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10005778377

Capital Controls, Liberalizations, and Foreign Direct Investement

Hines, James R. Hines, Jr.; Desai, Mihir A.; Foley, C. Fritz - National Bureau of Economic Research (NBER) - 2004

Affiliate-level evidence indicates that American multinational firms circumvent capital controls by adjusting their reported intrafirm trade, affiliate profitability, and dividend repatriations. As a result, the reported profit impact of local capital controls is comparable to the effect of 24...

Persistent link: https://www.econbiz.de/10005778638

Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data

Lipsey, Robert E. - National Bureau of Economic Research (NBER) - 2001

of stocks of FDI, the most widely available measure, is only poorly related to the distribution of FDI production, and … changes in stocks are poorly related to changes in production. FDI flows have grown in importance relative to other forms of … FDI from other countries. …

Persistent link: https://www.econbiz.de/10005778791

Globalization, Outsourcing, and Wage Inequality

Feenstra, Robert C.; Hanson, Gordon - National Bureau of Economic Research (NBER) - 1996

There is considerable debate over whether international trade has contributed to the declining economic fortunes of less skilled workers. One issue that has become lost in the current discussion is how firms respond to import competition and how these responses, in turn, are transmitted to the...

Persistent link: https://www.econbiz.de/10005575251

Foreign Direct Investors in Three Financial Crises

Lipsey, Robert E. - National Bureau of Economic Research (NBER) - 2001

In each of three financial and exchange rate crises, Latin America in 1982, Mexico in 1994, and East Asia in 1997, direct investment inflows into the affected countries have behaved differently from other forms of investment, and U.S. manufacturing affiliates have behaved differently from other...

Persistent link: https://www.econbiz.de/10005575407

Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms

Lipsey, Robert E.; Feliciano, Zadia - National Bureau of Economic Research (NBER) - 2002

Using U.S. Bureau of Economic Analysis data for individual foreign acquisitions and new establishments in the U.S from 1988 to 1998, and aggregate data for 1980 to 1998, we find that acquisitions and establishments of new firms tend to occur in periods of high U.S. growth and take place mainly...

Persistent link: https://www.econbiz.de/10005575550

Foreign Direct Investment and the Domestic Capital Stock

Hines, James R. Hines, Jr.; Desai, Mihir C.; Foley, C. Fritz - National Bureau of Economic Research (NBER) - 2005

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 …

Persistent link: https://www.econbiz.de/10005575729